Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Hits New 1-Year High – Here’s Why

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $43.12 and last traded at $43.12, with a volume of 296673 shares traded. The stock had previously closed at $43.00.

Global X S&P 500 Covered Call ETF Trading Up 0.3 %

The company has a 50-day simple moving average of $41.92 and a 200 day simple moving average of $41.17. The firm has a market cap of $3.02 billion, a PE ratio of 20.31 and a beta of 0.44.

Institutional Investors Weigh In On Global X S&P 500 Covered Call ETF

Hedge funds have recently bought and sold shares of the stock. Copley Financial Group Inc. purchased a new position in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter valued at approximately $41,000. Strategic Financial Concepts LLC purchased a new position in shares of Global X S&P 500 Covered Call ETF during the 2nd quarter valued at approximately $42,000. Concourse Financial Group Securities Inc. lifted its holdings in Global X S&P 500 Covered Call ETF by 121.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock valued at $54,000 after purchasing an additional 728 shares in the last quarter. Chris Bulman Inc purchased a new position in Global X S&P 500 Covered Call ETF in the 2nd quarter valued at $92,000. Finally, CWM LLC lifted its holdings in Global X S&P 500 Covered Call ETF by 12.2% in the 3rd quarter. CWM LLC now owns 3,450 shares of the company’s stock valued at $143,000 after purchasing an additional 375 shares in the last quarter.

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.