Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Stock Price Up 0.5% – Here’s Why

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) rose 0.5% on Tuesday. The stock traded as high as $15.33 and last traded at $15.32. Approximately 251,193 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 706,537 shares. The stock had previously closed at $15.25.

Global X Russell 2000 Covered Call ETF Stock Performance

The stock has a market capitalization of $1.30 billion, a PE ratio of 15.90 and a beta of 0.55. The firm’s 50 day moving average is $15.75 and its two-hundred day moving average is $15.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RYLD. Bank of America Corp DE lifted its stake in Global X Russell 2000 Covered Call ETF by 47.1% in the first quarter. Bank of America Corp DE now owns 3,278,665 shares of the company’s stock valued at $49,016,000 after buying an additional 1,050,245 shares during the last quarter. Royal Bank of Canada increased its stake in Global X Russell 2000 Covered Call ETF by 20.9% in the 1st quarter. Royal Bank of Canada now owns 556,202 shares of the company’s stock valued at $8,314,000 after buying an additional 96,222 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Global X Russell 2000 Covered Call ETF in the 2nd quarter worth $7,402,000. Venture Visionary Partners LLC increased its stake in shares of Global X Russell 2000 Covered Call ETF by 6.9% during the third quarter. Venture Visionary Partners LLC now owns 367,187 shares of the company’s stock worth $5,680,000 after acquiring an additional 23,590 shares during the period. Finally, Baird Financial Group Inc. lifted its position in 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 purchasing an additional 73,103 shares during the period.

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.