Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sets New 12-Month High – Should You Buy?

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

Global X Russell 2000 Covered Call ETF Stock Performance

The firm has a 50 day simple moving average of $15.74 and a two-hundred day simple moving average of $15.53. The stock has a market cap of $1.35 billion, a P/E ratio of 15.90 and a beta of 0.53.

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

Several institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in Global X Russell 2000 Covered Call ETF in the 1st quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in shares of Global X Russell 2000 Covered Call ETF during the 3rd quarter worth about $37,000. Qube Research & Technologies Ltd lifted its stake in shares of Global X Russell 2000 Covered Call ETF by 67.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock worth $40,000 after acquiring an additional 1,065 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Global X Russell 2000 Covered Call ETF by 85.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,876 shares of the company’s stock worth $44,000 after acquiring an additional 1,324 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in shares of 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 acquiring an additional 2,004 shares in the last quarter.

About Global X Russell 2000 Covered Call ETF

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.