Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Reaches New 1-Year High – Should You Buy?

Shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.02 and last traded at $16.01, with a volume of 939924 shares traded. The stock had previously closed at $15.87.

Global X Russell 2000 Covered Call ETF Price Performance

The company has a market cap of $1.37 billion, a P/E ratio of 15.90 and a beta of 0.54. The company has a 50 day moving average of $15.55 and a 200-day moving average of $15.47.

Institutional Trading of Global X Russell 2000 Covered Call ETF

A number of large investors have recently modified their holdings of RYLD. Fifth Third Bancorp bought a new position in shares of Global X Russell 2000 Covered Call ETF in the first quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in Global X Russell 2000 Covered Call ETF during the third quarter valued at approximately $37,000. Qube Research & Technologies Ltd grew its stake in Global X Russell 2000 Covered Call ETF by 67.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock worth $40,000 after buying an additional 1,065 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Global X Russell 2000 Covered Call ETF by 85.3% in the 4th quarter. Farther Finance Advisors LLC now owns 2,876 shares of the company’s stock worth $44,000 after buying an additional 1,324 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in shares of Global X Russell 2000 Covered Call ETF by 150.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,337 shares of the company’s stock worth $51,000 after buying an additional 2,004 shares during the last quarter.

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.