S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Trading Up 0.9% – Still a Buy?

Shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) rose 0.9% on Monday . The stock traded as high as $29.28 and last traded at $29.27. 15,510 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 22,069 shares. The stock had previously closed at $29.00.

S&P 500 Covered Call & Growth ETF Stock Performance

The stock has a market cap of $65.56 million, a P/E ratio of 25.30 and a beta of 0.75. The business has a 50 day simple moving average of $28.82 and a 200-day simple moving average of $27.98.

Hedge Funds Weigh In On S&P 500 Covered Call & Growth ETF

An institutional investor recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC purchased a new stake in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent filing with the Securities & Exchange Commission.

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.