Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Reaches New 12-Month High – Here’s Why

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $16.05 and last traded at $16.04, with a volume of 300324 shares trading hands. The stock had previously closed at $15.98.

Global X Russell 2000 Covered Call ETF Trading Up 0.4%

The stock has a market capitalization of $1.36 billion, a P/E ratio of 15.90 and a beta of 0.53. The stock’s 50 day simple moving average is $15.71 and its 200 day simple moving average is $15.52.

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

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Global X Russell 2000 Covered Call ETF by 47.1% during the first quarter. Bank of America Corp DE now owns 3,278,665 shares of the company’s stock worth $49,016,000 after purchasing an additional 1,050,245 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Global X Russell 2000 Covered Call ETF by 21.0% in 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. Wells Fargo & Company MN increased its holdings in Global X Russell 2000 Covered Call ETF by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,012,644 shares of the company’s stock valued at $15,493,000 after buying an additional 39,830 shares during the last quarter. UBS Group AG raised its stake in Global X Russell 2000 Covered Call ETF by 1.4% during the third quarter. UBS Group AG now owns 919,330 shares of the company’s stock valued at $13,836,000 after buying an additional 12,701 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in 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 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.