Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Shares Up 0.5% – Still a Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD)’s share price shot up 0.5% on Tuesday. The company traded as high as $15.33 and last traded at $15.32. Approximately 251,193 shares traded hands during trading, a decline of 64% from the average daily volume of 706,537 shares. The stock had previously closed at $15.25.

Global X Russell 2000 Covered Call ETF Stock Performance

The firm has a market capitalization of $1.30 billion, a PE ratio of 15.90 and a beta of 0.55. The firm has a fifty day moving average of $15.75 and a 200 day moving average of $15.67.

Institutional Trading of Global X Russell 2000 Covered Call ETF

Several institutional investors and hedge funds have recently bought and sold shares of RYLD. Bank of America Corp DE grew its position in shares of Global X Russell 2000 Covered Call ETF by 47.1% during the first quarter. Bank of America Corp DE now owns 3,278,665 shares of the company’s stock worth $49,016,000 after acquiring an additional 1,050,245 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Global X Russell 2000 Covered Call ETF by 20.9% in the first quarter. Royal Bank of Canada now owns 556,202 shares of the company’s stock worth $8,314,000 after purchasing an additional 96,222 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Global X Russell 2000 Covered Call ETF in the second quarter worth about $7,402,000. Venture Visionary Partners LLC lifted its stake in shares of Global X Russell 2000 Covered Call ETF by 6.9% in the 3rd quarter. Venture Visionary Partners LLC now owns 367,187 shares of the company’s stock worth $5,680,000 after acquiring an additional 23,590 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of Global X Russell 2000 Covered Call ETF by 30.0% during the second quarter. Baird Financial Group Inc. now owns 317,117 shares of the company’s stock valued at $5,071,000 after acquiring an additional 73,103 shares during the period.

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.