Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Unusually-High Trading Volume – What’s Next?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Friday . 2,144,945 shares traded hands during trading, an increase of 119% from the previous session’s volume of 980,232 shares.The stock last traded at $40.29 and had previously closed at $40.63.

Global X S&P 500 Covered Call ETF Trading Down 1.1%

The business has a 50-day moving average price of $40.74 and a 200 day moving average price of $40.07. The stock has a market capitalization of $3.13 billion, a P/E ratio of 25.32 and a beta of 0.53.

Global X S&P 500 Covered Call ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were paid a dividend of $0.3412 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Institutional Trading of Global X S&P 500 Covered Call ETF

A number of large investors have recently made changes to their positions in the business. Morgan Stanley raised its position in shares of Global X S&P 500 Covered Call ETF by 2.0% during the 4th quarter. Morgan Stanley now owns 3,987,866 shares of the company’s stock valued at $162,027,000 after buying an additional 76,631 shares in the last quarter. Sumitomo Life Insurance Co. purchased a new position in Global X S&P 500 Covered Call ETF in the third quarter worth about $67,135,000. Ameriprise Financial Inc. increased its stake in Global X S&P 500 Covered Call ETF by 15.6% during the third quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock worth $66,507,000 after acquiring an additional 229,004 shares during the last quarter. Global X Japan Co. Ltd. raised its position in Global X S&P 500 Covered Call ETF by 17.8% during the third quarter. Global X Japan Co. Ltd. now owns 990,048 shares of the company’s stock valued at $38,869,000 after purchasing an additional 149,287 shares during the period. Finally, Brookstone Capital Management raised its position in Global X S&P 500 Covered Call ETF by 2.2% during the fourth quarter. Brookstone Capital Management now owns 827,203 shares of the company’s stock valued at $33,609,000 after purchasing an additional 17,545 shares during the period.

Global X S&P 500 Covered Call ETF Company Profile

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.