Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Large Volume Increase

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Tuesday . 274,191 shares were traded during trading, a decline of 38% from the previous session’s volume of 443,833 shares.The stock last traded at $39.82 and had previously closed at $39.67.

Global X S&P 500 Covered Call ETF Stock Up 0.5 %

The company has a market cap of $2.80 billion, a PE ratio of 20.55 and a beta of 0.44. The stock has a 50-day simple moving average of $40.37 and a 200 day simple moving average of $39.66.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. McAdam LLC grew its stake in shares of Global X S&P 500 Covered Call ETF by 1.9% in the first quarter. McAdam LLC now owns 27,030 shares of the company’s stock valued at $1,103,000 after buying an additional 494 shares in the last quarter. Accurate Wealth Management LLC grew its stake in shares of Global X S&P 500 Covered Call ETF by 4.9% in the first quarter. Accurate Wealth Management LLC now owns 5,713 shares of the company’s stock valued at $227,000 after buying an additional 269 shares in the last quarter. StoneCrest Wealth Management Inc. grew its stake in shares of Global X S&P 500 Covered Call ETF by 10.7% in the first quarter. StoneCrest Wealth Management Inc. now owns 91,914 shares of the company’s stock valued at $3,749,000 after buying an additional 8,879 shares in the last quarter. PFG Investments LLC grew its stake in shares of Global X S&P 500 Covered Call ETF by 206.6% in the first quarter. PFG Investments LLC now owns 73,680 shares of the company’s stock valued at $3,005,000 after buying an additional 49,648 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Global X S&P 500 Covered Call ETF by 19.0% in the first quarter. Raymond James & Associates now owns 362,206 shares of the company’s stock valued at $14,774,000 after buying an additional 57,836 shares in the last quarter.

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.