Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Tuesday . 274,191 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 443,833 shares.The stock last traded at $39.82 and had previously closed at $39.67.

Global X S&P 500 Covered Call ETF Trading Up 0.2 %

The firm’s fifty day moving average price is $40.36 and its 200 day moving average price is $39.67. The firm has a market capitalization of $2.81 billion, a PE ratio of 20.55 and a beta of 0.44.

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

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Global X S&P 500 Covered Call ETF by 10.5% during the third quarter. LPL Financial LLC now owns 2,365,605 shares of the company’s stock worth $91,998,000 after buying an additional 224,124 shares in the last quarter. UBS Group AG boosted its holdings in Global X S&P 500 Covered Call ETF by 5.9% during the fourth quarter. UBS Group AG now owns 1,281,476 shares of the company’s stock worth $50,541,000 after buying an additional 71,103 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Global X S&P 500 Covered Call ETF by 6.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,232,476 shares of the company’s stock worth $47,931,000 after acquiring an additional 76,424 shares during the period. Brookstone Capital Management raised its position in Global X S&P 500 Covered Call ETF by 7.0% during the third quarter. Brookstone Capital Management now owns 763,778 shares of the company’s stock worth $29,658,000 after acquiring an additional 49,847 shares during the period. Finally, Centaurus Financial Inc. raised its position in Global X S&P 500 Covered Call ETF by 15.4% during the fourth quarter. Centaurus Financial Inc. now owns 719,447 shares of the company’s stock worth $28,375,000 after acquiring an additional 96,179 shares during the period.

Global X S&P 500 Covered Call ETF Company Profile

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.