S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Trading Down 0.5% – What’s Next?

Shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) dropped 0.5% during mid-day trading on Thursday . The stock traded as low as $26.49 and last traded at $26.66. Approximately 35,057 shares changed hands during trading, an increase of 35% from the average daily volume of 25,937 shares. The stock had previously closed at $26.80.

S&P 500 Covered Call & Growth ETF Stock Performance

The company has a market cap of $63.18 million, a P/E ratio of 25.30 and a beta of 0.78. The stock has a 50 day moving average price of $27.52 and a 200 day moving average price of $28.46.

S&P 500 Covered Call & Growth ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Shareholders of record on Monday, February 23rd were given a $0.1143 dividend. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 5.1%.

Hedge Funds Weigh In On S&P 500 Covered Call & Growth ETF

An institutional investor recently bought a new position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC bought a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned 0.45% of S&P 500 Covered Call & Growth ETF as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Company Profile

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.