S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Trading Up 1% – Should You Buy?

Shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) traded up 1% on Monday . The stock traded as high as $33.43 and last traded at $33.43. 5,255 shares changed hands during trading, a decline of 49% from the average session volume of 10,386 shares. The stock had previously closed at $33.09.

S&P 500 Covered Call & Growth ETF Price Performance

The firm has a market cap of $76.97 million, a price-to-earnings ratio of 22.83 and a beta of 0.71. The firm has a fifty day simple moving average of $32.80 and a two-hundred day simple moving average of $31.76.

Institutional Trading of S&P 500 Covered Call & Growth ETF

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. NBC Securities Inc. acquired a new stake in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,480 shares of the company’s stock, valued at approximately $47,000. NBC Securities Inc. owned 0.06% of S&P 500 Covered Call & Growth ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About S&P 500 Covered Call & Growth ETF

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.