S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Trading Down 0.5% – What’s Next?

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG)’s stock price traded down 0.5% during mid-day trading on Thursday . The company traded as low as $26.49 and last traded at $26.66. 35,057 shares traded hands during trading, an increase of 35% from the average session volume of 25,937 shares. The stock had previously closed at $26.80.

S&P 500 Covered Call & Growth ETF Stock Down 0.5%

The firm has a market capitalization of $63.18 million, a price-to-earnings ratio of 25.30 and a beta of 0.78. The stock’s 50 day moving average price is $27.52 and its two-hundred day moving average price is $28.46.

S&P 500 Covered Call & Growth ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were paid a $0.1143 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Investors Weigh In On S&P 500 Covered Call & Growth ETF

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC purchased a new stake in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned approximately 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent filing with the SEC.

About S&P 500 Covered Call & Growth ETF

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.