Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Share Price Breaks Below 200 Day Moving Average – Time to Sell?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $40.80 and traded as low as $40.00. Global X S&P 500 Covered Call ETF shares last traded at $40.05, with a volume of 1,068,146 shares changing hands.

Global X S&P 500 Covered Call ETF Stock Down 3.7%

The firm has a market cap of $3.27 billion, a PE ratio of 25.32 and a beta of 0.49. The firm’s 50 day moving average is $41.54 and its 200-day moving average is $40.80.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Global X S&P 500 Covered Call ETF by 29.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,607 shares of the company’s stock valued at $67,000 after purchasing an additional 362 shares during the last quarter. Trilogy Capital Inc. grew its stake in shares of Global X S&P 500 Covered Call ETF by 8.4% during the 2nd quarter. Trilogy Capital Inc. now owns 5,707 shares of the company’s stock valued at $233,000 after buying an additional 443 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of Global X S&P 500 Covered Call ETF by 0.8% during the 3rd quarter. SBI Securities Co. Ltd. now owns 58,629 shares of the company’s stock valued at $2,434,000 after buying an additional 480 shares during the period. Tactive Advisors LLC grew its stake in shares of Global X S&P 500 Covered Call ETF by 2.3% during the 2nd quarter. Tactive Advisors LLC now owns 22,739 shares of the company’s stock valued at $928,000 after buying an additional 512 shares during the period. Finally, IFP Advisors Inc grew its stake in shares of Global X S&P 500 Covered Call ETF by 16.2% during the 3rd quarter. IFP Advisors Inc now owns 3,848 shares of the company’s stock valued at $160,000 after buying an additional 536 shares during the period.

About Global X S&P 500 Covered Call ETF

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.