Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume – What’s Next?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw an uptick in trading volume on Tuesday . 761,287 shares traded hands during trading, an increase of 19% from the previous session’s volume of 642,070 shares.The stock last traded at $42.30 and had previously closed at $42.23.

Global X S&P 500 Covered Call ETF Price Performance

The firm has a market capitalization of $2.97 billion, a PE ratio of 20.31 and a beta of 0.44. The company has a 50-day moving average price of $42.30 and a 200 day moving average price of $41.51.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Global X S&P 500 Covered Call ETF by 4.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 55,656 shares of the company’s stock worth $2,250,000 after acquiring an additional 2,194 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Global X S&P 500 Covered Call ETF by 22.4% during the second quarter. NewEdge Advisors LLC now owns 36,402 shares of the company’s stock worth $1,472,000 after purchasing an additional 6,658 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Global X S&P 500 Covered Call ETF by 1.9% during the second quarter. Truist Financial Corp now owns 22,630 shares of the company’s stock valued at $915,000 after purchasing an additional 420 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of Global X S&P 500 Covered Call ETF by 8.6% during the second quarter. Founders Financial Alliance LLC now owns 13,936 shares of the company’s stock valued at $563,000 after purchasing an additional 1,098 shares during the period. Finally, RiverFront Investment Group LLC grew its holdings in shares of Global X S&P 500 Covered Call ETF by 20.9% in the second quarter. RiverFront Investment Group LLC now owns 121,044 shares of the company’s stock worth $4,894,000 after purchasing an additional 20,930 shares during the last quarter.

Global X S&P 500 Covered Call ETF Company Profile

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.