Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sees Strong Trading Volume – Should You Buy?

Shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) saw strong trading volume on Monday . 1,137,735 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 925,494 shares.The stock last traded at $14.92 and had previously closed at $14.81.

Global X Russell 2000 Covered Call ETF Price Performance

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 15.90 and a beta of 0.59. The business has a 50-day moving average of $15.51 and a 200-day moving average of $15.38.

Global X Russell 2000 Covered Call ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a dividend of $0.1584 per share. This is a positive change from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 12.8%.

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

Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its stake in shares of Global X Russell 2000 Covered Call ETF by 23.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,449 shares of the company’s stock valued at $53,000 after buying an additional 649 shares in the last quarter. Perennial Investment Advisors LLC raised its position in Global X Russell 2000 Covered Call ETF by 3.4% during the third quarter. Perennial Investment Advisors LLC now owns 20,714 shares of the company’s stock worth $312,000 after acquiring an additional 675 shares in the last quarter. WealthShield Partners LLC lifted its stake in Global X Russell 2000 Covered Call ETF by 8.0% in the third quarter. WealthShield Partners LLC now owns 10,695 shares of the company’s stock valued at $161,000 after acquiring an additional 794 shares during the last quarter. Sigma Planning Corp lifted its stake in Global X Russell 2000 Covered Call ETF by 3.2% in the fourth quarter. Sigma Planning Corp now owns 26,235 shares of the company’s stock valued at $401,000 after acquiring an additional 825 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Global X Russell 2000 Covered Call ETF by 8.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 12,284 shares of the company’s stock valued at $185,000 after acquiring an additional 956 shares during the period.

Global X Russell 2000 Covered Call ETF Company Profile

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.