Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Hits New 52-Week High – What’s Next?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLDGet Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $41.10 and last traded at $41.09, with a volume of 272265 shares. The stock had previously closed at $40.94.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a 50 day simple moving average of $40.56 and a two-hundred day simple moving average of $40.41. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 25.32 and a beta of 0.49.

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

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the 1st quarter valued at approximately $3,796,000. JPMorgan Chase & Co. grew its position in Global X S&P 500 Covered Call ETF by 185.0% in the second quarter. JPMorgan Chase & Co. now owns 10,783 shares of the company’s stock worth $420,000 after acquiring an additional 6,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Global X S&P 500 Covered Call ETF by 21.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,576 shares of the company’s stock worth $5,971,000 after acquiring an additional 27,606 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in Global X S&P 500 Covered Call ETF by 30.3% during the second quarter. Ausdal Financial Partners Inc. now owns 23,486 shares of the company’s stock worth $915,000 after acquiring an additional 5,464 shares during the last quarter. Finally, MGB Wealth Management LLC purchased a new stake in Global X S&P 500 Covered Call ETF in the second quarter valued at $26,000.

About Global X S&P 500 Covered Call ETF

(Get Free Report)

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.

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