Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Reaches New 12-Month High – What’s Next?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) reached a new 52-week high on Monday . The company traded as high as $16.34 and last traded at $16.33, with a volume of 46963 shares trading hands. The stock had previously closed at $16.34.

Global X Russell 2000 Covered Call ETF Trading Up 0.2%

The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 15.90 and a beta of 0.53. The company has a fifty day moving average price of $15.98 and a 200-day moving average price of $15.62.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RYLD. World Equity Group Inc. boosted its position in Global X Russell 2000 Covered Call ETF by 10.2% in the 2nd quarter. World Equity Group Inc. now owns 12,675 shares of the company’s stock worth $203,000 after purchasing an additional 1,177 shares in the last quarter. Tactive Advisors LLC acquired a new stake in shares of Global X Russell 2000 Covered Call ETF during the 2nd quarter worth approximately $221,000. Foresight Capital Management Advisors Inc. increased its holdings in shares of Global X Russell 2000 Covered Call ETF by 7.7% during the 2nd quarter. Foresight Capital Management Advisors Inc. now owns 148,124 shares of the company’s stock valued at $2,369,000 after purchasing an additional 10,532 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Global X Russell 2000 Covered Call ETF by 21.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 55,087 shares of the company’s stock valued at $881,000 after purchasing an additional 9,600 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Global X Russell 2000 Covered Call ETF in the 1st quarter valued at $133,000.

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.