Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Stock Price Up 0.4% – Should You Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) shares rose 0.4% on Monday . The company traded as high as $15.77 and last traded at $15.73. Approximately 362,154 shares traded hands during trading, a decline of 59% from the average daily volume of 874,191 shares. The stock had previously closed at $15.66.

Global X Russell 2000 Covered Call ETF Price Performance

The stock has a market cap of $1.35 billion, a P/E ratio of 15.90 and a beta of 0.54. The company’s 50 day simple moving average is $15.42 and its 200 day simple moving average is $15.44.

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

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp bought a new stake in Global X Russell 2000 Covered Call ETF in the first quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in Global X Russell 2000 Covered Call ETF in the third quarter valued at approximately $37,000. Qube Research & Technologies Ltd increased its stake in Global X Russell 2000 Covered Call ETF by 67.5% in the third quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock valued at $40,000 after purchasing an additional 1,065 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Global X Russell 2000 Covered Call ETF by 85.3% in the fourth quarter. Farther Finance Advisors LLC now owns 2,876 shares of the company’s stock valued at $44,000 after purchasing an additional 1,324 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its stake in Global X Russell 2000 Covered Call ETF by 150.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,337 shares of the company’s stock valued at $51,000 after purchasing an additional 2,004 shares in the last quarter.

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.