Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Reaches New 12-Month High – Should You Buy?

by · The Markets Daily

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.34 and last traded at $16.33, with a volume of 46963 shares changing hands. The stock had previously closed at $16.34.

Global X Russell 2000 Covered Call ETF Price Performance

The company has a market capitalization of $1.40 billion, a P/E ratio of 15.90 and a beta of 0.53. The business has a fifty day moving average price of $15.96 and a 200 day moving average price of $15.61.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of RYLD. Bank of America Corp DE lifted its stake in Global X Russell 2000 Covered Call ETF by 47.1% in the 1st quarter. Bank of America Corp DE now owns 3,278,665 shares of the company’s stock valued at $49,016,000 after acquiring an additional 1,050,245 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Global X Russell 2000 Covered Call ETF by 21.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,116,435 shares of the company’s stock worth $16,803,000 after acquiring an additional 193,407 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Global X Russell 2000 Covered Call ETF by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,012,644 shares of the company’s stock valued at $15,493,000 after purchasing an additional 39,830 shares during the last quarter. UBS Group AG raised its holdings in shares of Global X Russell 2000 Covered Call ETF by 1.4% in the third quarter. UBS Group AG now owns 919,330 shares of the company’s stock valued at $13,836,000 after purchasing an additional 12,701 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Global X Russell 2000 Covered Call ETF by 45.8% in the fourth quarter. Cetera Investment Advisers now owns 763,458 shares of the company’s stock valued at $11,681,000 after purchasing an additional 239,743 shares during the last quarter.

Global X Russell 2000 Covered Call ETF Company Profile

(Get Free Report)

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.

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