Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Shares Up 0.4% – Time to Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) shot up 0.4% during mid-day trading on Monday . The stock traded as high as $15.77 and last traded at $15.73. 362,154 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 874,191 shares. The stock had previously closed at $15.66.

Global X Russell 2000 Covered Call ETF Price Performance

The company has a market cap of $1.34 billion, a price-to-earnings ratio of 15.90 and a beta of 0.54. The firm’s 50 day simple moving average is $15.46 and its 200-day simple moving average is $15.45.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call ETF

Several large investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in Global X Russell 2000 Covered Call ETF by 5.7% in the first quarter. NewEdge Advisors LLC now owns 185,603 shares of the company’s stock valued at $2,775,000 after acquiring an additional 9,998 shares in the last quarter. Foguth Wealth Management LLC. acquired a new position in Global X Russell 2000 Covered Call ETF in the first quarter valued at $221,000. Western Wealth Management LLC acquired a new stake in shares of Global X Russell 2000 Covered Call ETF during the first quarter worth about $133,000. Bank of America Corp DE boosted its stake in shares of Global X Russell 2000 Covered Call ETF by 47.1% during the first quarter. Bank of America Corp DE now owns 3,278,665 shares of the company’s stock worth $49,016,000 after buying an additional 1,050,245 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Global X Russell 2000 Covered Call ETF by 20.9% during the first quarter. Royal Bank of Canada now owns 556,202 shares of the company’s stock worth $8,314,000 after buying an additional 96,222 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.