Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Reaches New 12-Month High – Still a Buy?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLDGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $16.08 and last traded at $16.07, with a volume of 55180 shares. The stock had previously closed at $16.00.

Global X Russell 2000 Covered Call ETF Stock Up 0.3%

The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.90 and a beta of 0.53. The stock’s fifty day moving average is $15.78 and its 200-day moving average is $15.54.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SageGuard Financial Group LLC acquired a new stake in Global X Russell 2000 Covered Call ETF during the 4th quarter worth $1,182,000. Brookstone Capital Management grew its stake in Global X Russell 2000 Covered Call ETF by 6.4% in the first quarter. Brookstone Capital Management now owns 587,762 shares of the company’s stock valued at $8,787,000 after acquiring an additional 35,240 shares during the period. PMG Family Office LLC bought a new stake in shares of Global X Russell 2000 Covered Call ETF in the third quarter worth about $860,000. Apella Capital LLC bought a new stake in shares of Global X Russell 2000 Covered Call ETF in the first quarter worth about $1,964,000. Finally, Fiduciary Alliance LLC raised its position in shares of Global X Russell 2000 Covered Call ETF by 23.2% during the fourth quarter. Fiduciary Alliance LLC now owns 48,724 shares of the company’s stock worth $745,000 after purchasing an additional 9,181 shares during the period.

Global X Russell 2000 Covered Call ETF Company Profile

(Get Free Report)

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.

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