Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sees Strong Trading Volume – Here’s Why

Shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) saw an uptick in trading volume on Monday . 1,137,735 shares changed hands during mid-day trading, an increase of 23% from the previous session’s volume of 925,494 shares.The stock last traded at $14.92 and had previously closed at $14.81.

Global X Russell 2000 Covered Call ETF Stock Performance

The company’s 50-day simple moving average is $15.54 and its two-hundred day simple moving average is $15.39. The firm has a market cap of $1.26 billion, a PE ratio of 15.90 and a beta of 0.59.

Global X Russell 2000 Covered Call ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were paid a dividend of $0.1584 per share. This represents a c) annualized dividend and a dividend yield of 12.8%. This is a boost from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 23rd.

Institutional Trading of Global X Russell 2000 Covered Call ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYLD. Fiduciary Alliance LLC purchased a new position in Global X Russell 2000 Covered Call ETF during the 3rd quarter valued at about $595,000. OneAscent Family Office LLC bought a new stake in shares of Global X Russell 2000 Covered Call ETF in the 3rd quarter worth approximately $511,000. RFG Advisory LLC grew its stake in shares of Global X Russell 2000 Covered Call ETF by 40.5% in the 3rd quarter. RFG Advisory LLC now owns 136,664 shares of the company’s stock worth $2,057,000 after buying an additional 39,383 shares during the last quarter. Corient Private Wealth LLC bought a new position in Global X Russell 2000 Covered Call ETF during the 2nd quarter valued at approximately $1,687,000. Finally, Cetera Investment Advisers raised its stake in Global X Russell 2000 Covered Call ETF by 4.0% during the second quarter. Cetera Investment Advisers now owns 367,863 shares of the company’s stock valued at $5,485,000 after buying an additional 14,291 shares during 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.