Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Stock Falls 0.3% – What’s Next?

Shares of Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) were down 0.3% during trading on Tuesday. The stock traded as low as $15.61 and last traded at $15.63. Approximately 470,717 shares were traded during trading, a decline of 36% from the average daily volume of 729,860 shares. The stock had previously closed at $15.67.

Global X Russell 2000 Covered Call ETF Stock Performance

The firm has a market capitalization of $1.33 billion, a P/E ratio of 15.90 and a beta of 0.55. The firm has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $15.75.

Institutional Trading of Global X Russell 2000 Covered Call ETF

Hedge funds have recently modified their holdings of the business. IMC Chicago LLC acquired a new position in shares of Global X Russell 2000 Covered Call ETF in the first quarter valued at $582,000. Brookstone Capital Management grew its holdings in shares of Global X Russell 2000 Covered Call ETF by 6.4% in the 1st quarter. Brookstone Capital Management now owns 587,762 shares of the company’s stock worth $8,787,000 after purchasing an additional 35,240 shares during the last quarter. Bank of America Corp DE grew its stake in 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 last quarter. Proficio Capital Partners LLC bought a new stake in Global X Russell 2000 Covered Call ETF during the 2nd quarter worth approximately $7,402,000. Finally, Baird Financial Group Inc. increased its stake in shares of Global X Russell 2000 Covered Call ETF by 30.0% in the second quarter. Baird Financial Group Inc. now owns 317,117 shares of the company’s stock valued at $5,071,000 after buying an additional 73,103 shares in 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.