Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Unusually-High Trading Volume – Should You Buy?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Tuesday . 1,024,077 shares were traded during trading, an increase of 50% from the previous session’s volume of 681,865 shares.The stock last traded at $39.24 and had previously closed at $39.69.

Global X S&P 500 Covered Call ETF Stock Down 1.0 %

The company has a market cap of $3.05 billion, a PE ratio of 26.63 and a beta of 0.65. The firm has a 50 day simple moving average of $42.12 and a 200-day simple moving average of $41.88.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Castle Rock Wealth Management LLC lifted its holdings in Global X S&P 500 Covered Call ETF by 5.4% in the fourth quarter. Castle Rock Wealth Management LLC now owns 32,542 shares of the company’s stock valued at $1,393,000 after acquiring an additional 1,663 shares during the period. Comprehensive Money Management Services LLC purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the fourth quarter valued at about $662,000. Heck Capital Advisors LLC acquired a new stake in shares of Global X S&P 500 Covered Call ETF during the fourth quarter worth about $198,000. Western Wealth Management LLC grew its holdings in shares of Global X S&P 500 Covered Call ETF by 12.6% during the fourth quarter. Western Wealth Management LLC now owns 64,027 shares of the company’s stock worth $2,683,000 after buying an additional 7,162 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Global X S&P 500 Covered Call ETF in the 4th quarter valued at approximately $523,000.

About Global X S&P 500 Covered Call ETF

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.