Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Hits New 52-Week High – Time to Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock 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 Stock Performance

The company’s 50 day simple moving average is $15.92 and its 200 day simple moving average is $15.60. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 15.90 and a beta of 0.53.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in Global X Russell 2000 Covered Call ETF during the 1st quarter valued at $25,000. Advisory Services Network LLC bought a new position in Global X Russell 2000 Covered Call ETF during the third quarter valued at about $37,000. Qube Research & Technologies Ltd boosted its stake in Global X Russell 2000 Covered Call ETF by 67.5% during the third quarter. Qube Research & Technologies Ltd now owns 2,643 shares of the company’s stock valued at $40,000 after buying an additional 1,065 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in Global X Russell 2000 Covered Call ETF by 85.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,876 shares of the company’s stock worth $44,000 after acquiring an additional 1,324 shares during the period. Finally, Federation des caisses Desjardins du Quebec grew its holdings 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 during the period.

About Global X Russell 2000 Covered Call ETF

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.