Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Shares Down 0.3% – What’s Next?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) traded down 0.3% during mid-day trading on Tuesday. The company traded as low as $15.61 and last traded at $15.63. Approximately 470,717 shares were traded during trading, a decline of 36% from the average daily volume of 729,860 shares. The stock had previously closed at $15.67.

Global X Russell 2000 Covered Call ETF Trading Down 0.3%

The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 15.90 and a beta of 0.55. The stock’s 50 day moving average is $16.03 and its two-hundred day moving average is $15.75.

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

A number of institutional investors and hedge funds have recently made changes to their positions in RYLD. Ferguson Wellman Capital Management Inc. raised its position in shares of Global X Russell 2000 Covered Call ETF by 11.1% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 18,000 shares of the company’s stock valued at $278,000 after buying an additional 1,800 shares in the last quarter. RFG Advisory LLC grew its stake in Global X Russell 2000 Covered Call ETF by 1.2% during the second quarter. RFG Advisory LLC now owns 144,012 shares of the company’s stock worth $2,303,000 after buying an additional 1,653 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Global X Russell 2000 Covered Call ETF by 30.0% during the 2nd quarter. Baird Financial Group Inc. now owns 317,117 shares of the company’s stock worth $5,071,000 after acquiring an additional 73,103 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Global X Russell 2000 Covered Call ETF by 19.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 30,669 shares of the company’s stock valued at $490,000 after purchasing an additional 5,093 shares in the last quarter. Finally, Copley Financial Group Inc. boosted its stake in Global X Russell 2000 Covered Call ETF by 41.1% in the second quarter. Copley Financial Group Inc. now owns 25,389 shares of the company’s stock valued at $406,000 after buying an additional 7,395 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.