Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Reaches New 1-Year High – Should You Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $16.02 and last traded at $16.01, with a volume of 939924 shares traded. The stock had previously closed at $15.87.

Global X Russell 2000 Covered Call ETF Stock Up 0.9%

The company’s fifty day simple moving average is $15.55 and its 200 day simple moving average is $15.47. The firm has a market capitalization of $1.37 billion, a PE ratio of 15.90 and a beta of 0.54.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call ETF

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Global X Russell 2000 Covered Call ETF by 1,032.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,328 shares of the company’s stock worth $169,000 after acquiring an additional 10,328 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Global X Russell 2000 Covered Call ETF by 12.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 923,028 shares of the company’s stock valued at $13,819,000 after acquiring an additional 99,936 shares in the last quarter. Bank of America Corp DE boosted its stake in Global X Russell 2000 Covered Call ETF by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,107,785 shares of the company’s stock valued at $31,427,000 after purchasing an additional 80,134 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in Global X Russell 2000 Covered Call ETF by 20.5% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 13,736 shares of the company’s stock valued at $205,000 after purchasing an additional 2,334 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Global X Russell 2000 Covered Call ETF in the 2nd quarter worth $1,687,000.

About Global X Russell 2000 Covered Call ETF

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.