Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume – Time to Buy?

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Tuesday . 1,024,077 shares changed hands during mid-day trading, an increase of 50% from the previous session’s volume of 681,865 shares.The stock last traded at $39.24 and had previously closed at $39.69.

Global X S&P 500 Covered Call ETF Trading Down 1.0 %

The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 26.63 and a beta of 0.65. The firm’s 50-day moving average price is $42.12 and its 200 day moving average price is $41.88.

Institutional Trading of Global X S&P 500 Covered Call ETF

A number of hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its position in shares of Global X S&P 500 Covered Call ETF by 1.7% in the third quarter. Sanctuary Advisors LLC now owns 17,829 shares of the company’s stock valued at $748,000 after acquiring an additional 300 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Global X S&P 500 Covered Call ETF by 20.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,780 shares of the company’s stock worth $75,000 after purchasing an additional 305 shares during the period. IFP Advisors Inc raised its position in shares of Global X S&P 500 Covered Call ETF by 10.1% in the fourth quarter. IFP Advisors Inc now owns 4,075 shares of the company’s stock worth $171,000 after buying an additional 373 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Global X S&P 500 Covered Call ETF by 0.8% in the third quarter. Rockefeller Capital Management L.P. now owns 51,987 shares of the company’s stock worth $2,157,000 after purchasing an additional 389 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its position in shares of Global X S&P 500 Covered Call ETF by 3.0% during the 3rd quarter. Arete Wealth Advisors LLC now owns 13,896 shares of the company’s stock valued at $576,000 after purchasing an additional 399 shares during the last quarter.

About Global X S&P 500 Covered Call ETF

The Global X S&P 500 Covered Call ETF (XYLD) is an exchange-traded fund that is based on the Cboe S&P 500 BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 100% of each stock. XYLD was launched on Jun 24, 2013 and is managed by Global X.