Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume – Still a Buy?

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Friday . Approximately 1,264,886 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 947,056 shares.The stock last traded at $41.15 and had previously closed at $41.14.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 25.32 and a beta of 0.49. The company’s 50-day simple moving average is $40.59 and its 200-day simple moving average is $40.41.

Institutional Trading of Global X S&P 500 Covered Call ETF

Institutional investors have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC raised its stake in Global X S&P 500 Covered Call ETF by 57.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 38,966 shares of the company’s stock valued at $1,583,000 after purchasing an additional 14,184 shares in the last quarter. Brookstone Capital Management grew its stake in Global X S&P 500 Covered Call ETF by 2.2% during the fourth quarter. Brookstone Capital Management now owns 827,203 shares of the company’s stock worth $33,609,000 after buying an additional 17,545 shares in the last quarter. XML Financial LLC grew its stake in Global X S&P 500 Covered Call ETF by 14.9% during the first quarter. XML Financial LLC now owns 138,224 shares of the company’s stock worth $5,409,000 after buying an additional 17,950 shares in the last quarter. Aventura Private Wealth LLC bought a new position in Global X S&P 500 Covered Call ETF in the 4th quarter valued at about $1,467,000. Finally, MOR Wealth Management LLC bought a new position in Global X S&P 500 Covered Call ETF in the 4th quarter valued at about $542,000.

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.