S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Shares Down 0.6% – Here’s What Happened

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) shares fell 0.6% during trading on Monday . The company traded as low as $28.67 and last traded at $28.75. 56,873 shares traded hands during trading, an increase of 138% from the average daily volume of 23,872 shares. The stock had previously closed at $28.92.

S&P 500 Covered Call & Growth ETF Trading Down 0.6%

The stock has a market capitalization of $65.55 million, a P/E ratio of 25.30 and a beta of 0.75. The stock has a 50 day moving average of $28.39 and a 200-day moving average of $27.99.

Institutional Trading of S&P 500 Covered Call & Growth ETF

An institutional investor recently bought a new position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC bought a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned about 0.45% of S&P 500 Covered Call & Growth ETF at the end of the most recent quarter.

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.