Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Reaches New 12-Month High – Here’s Why

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) reached a new 52-week high during trading on Monday . The stock traded as high as $41.59 and last traded at $41.58, with a volume of 61565 shares traded. The stock had previously closed at $41.57.

Global X S&P 500 Covered Call ETF Price Performance

The firm has a market cap of $3.27 billion, a P/E ratio of 25.32 and a beta of 0.49. The stock’s 50-day simple moving average is $40.86 and its two-hundred day simple moving average is $40.46.

Hedge Funds Weigh In On Global X S&P 500 Covered Call ETF

Hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of Global X S&P 500 Covered Call ETF by 15.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,692,576 shares of the company’s stock valued at $66,507,000 after purchasing an additional 229,004 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Global X S&P 500 Covered Call ETF in the 3rd quarter worth approximately $5,819,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Global X S&P 500 Covered Call ETF by 177.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 216,630 shares of the company’s stock valued at $8,802,000 after purchasing an additional 138,483 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Global X S&P 500 Covered Call ETF during the first quarter valued at approximately $3,796,000. Finally, Ocean Park Asset Management LLC purchased a new position in Global X S&P 500 Covered Call ETF during the first quarter valued at approximately $3,737,000.

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.