Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Hits New 12-Month High – Should You Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $16.41 and last traded at $16.41, with a volume of 430 shares. The stock had previously closed at $16.40.

Global X Russell 2000 Covered Call ETF Price Performance

The company’s 50-day moving average is $16.02 and its two-hundred day moving average is $15.64. The company has a market cap of $1.40 billion, a P/E ratio of 15.90 and a beta of 0.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp purchased a new stake in Global X Russell 2000 Covered Call ETF in the first quarter worth about $25,000. Advisory Services Network LLC purchased a new position in shares of Global X Russell 2000 Covered Call ETF during the 3rd quarter valued at about $37,000. Qube Research & Technologies Ltd lifted its position in shares of Global X Russell 2000 Covered Call ETF by 67.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock valued at $40,000 after buying an additional 1,065 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Global X Russell 2000 Covered Call ETF by 85.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,876 shares of the company’s stock valued at $44,000 after acquiring an additional 1,324 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of Global X Russell 2000 Covered Call ETF by 150.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,337 shares of the company’s stock valued at $51,000 after acquiring an additional 2,004 shares during the period.

Global X Russell 2000 Covered Call ETF Company Profile

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.