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

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) shares saw unusually-strong trading volume on Tuesday . Approximately 274,191 shares traded hands 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 0.5 %

The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 20.55 and a beta of 0.44. The stock has a fifty day moving average of $40.37 and a 200-day moving average of $39.66.

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

Several hedge funds and other institutional investors have recently modified their holdings of XYLD. Western Wealth Management LLC lifted its position in shares of Global X S&P 500 Covered Call ETF by 108.3% in the third quarter. Western Wealth Management LLC now owns 24,009 shares of the company’s stock worth $934,000 after buying an additional 12,485 shares during the last quarter. Good Life Advisors LLC lifted its position in shares of Global X S&P 500 Covered Call ETF by 0.9% in the fourth quarter. Good Life Advisors LLC now owns 48,723 shares of the company’s stock worth $1,922,000 after buying an additional 431 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of Global X S&P 500 Covered Call ETF in the third quarter worth about $316,000. Commonwealth Equity Services LLC increased its stake in shares of Global X S&P 500 Covered Call ETF by 4.4% in the third quarter. Commonwealth Equity Services LLC now owns 189,426 shares of the company’s stock worth $7,367,000 after purchasing an additional 8,033 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Global X S&P 500 Covered Call ETF by 20.0% in the fourth quarter. Raymond James & Associates now owns 304,370 shares of the company’s stock worth $12,004,000 after purchasing an additional 50,746 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.