Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Reaches New 52-Week High – Here’s What Happened

Shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) hit a new 52-week high on Tuesday . The company traded as high as $16.23 and last traded at $16.21, with a volume of 66964 shares traded. The stock had previously closed at $16.18.

Global X Russell 2000 Covered Call ETF Price Performance

The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 15.90 and a beta of 0.53. The stock has a 50 day moving average price of $15.94 and a 200 day moving average price of $15.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Global X Russell 2000 Covered Call ETF in the 1st quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in shares of Global X Russell 2000 Covered Call ETF during the 3rd quarter worth approximately $37,000. Qube Research & Technologies Ltd increased its stake in shares of 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 valued at $40,000 after acquiring an additional 1,065 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Global X Russell 2000 Covered Call ETF by 85.3% during the 4th quarter. Farther Finance Advisors LLC now owns 2,876 shares of the company’s stock valued at $44,000 after acquiring an additional 1,324 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its stake in Global X Russell 2000 Covered Call ETF by 150.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 3,337 shares of the company’s stock worth $51,000 after acquiring an additional 2,004 shares in 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.