Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Hits New 1-Year High – Time to Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLDGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $16.03 and last traded at $16.02, with a volume of 113240 shares traded. The stock had previously closed at $15.99.

Global X Russell 2000 Covered Call ETF Price Performance

The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 15.90 and a beta of 0.54. The business has a fifty day moving average price of $15.66 and a 200 day moving average price of $15.51.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call ETF

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in Global X Russell 2000 Covered Call ETF by 47.1% in the 1st quarter. Bank of America Corp DE now owns 3,278,665 shares of the company’s stock valued at $49,016,000 after purchasing an additional 1,050,245 shares during the period. Principal Securities Inc. acquired a new position in shares of Global X Russell 2000 Covered Call ETF during the fourth quarter valued at about $4,297,000. Cetera Investment Advisers raised its position in shares of Global X Russell 2000 Covered Call ETF by 45.8% during the fourth quarter. Cetera Investment Advisers now owns 763,458 shares of the company’s stock valued at $11,681,000 after buying an additional 239,743 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Global X Russell 2000 Covered Call ETF by 21.0% during the third quarter. Ameriprise Financial Inc. now owns 1,116,435 shares of the company’s stock valued at $16,803,000 after buying an additional 193,407 shares during the last quarter. Finally, Apella Capital LLC bought a new stake in shares of Global X Russell 2000 Covered Call ETF in the first quarter valued at about $1,964,000.

Global X Russell 2000 Covered Call ETF Company Profile

(Get Free Report)

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.

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