Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume – Here’s What Happened

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Tuesday . 761,287 shares were traded during trading, an increase of 19% from the previous session’s volume of 642,070 shares.The stock last traded at $42.30 and had previously closed at $42.23.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a market cap of $2.97 billion, a P/E ratio of 20.31 and a beta of 0.44. The company has a fifty day moving average of $42.32 and a 200 day moving average of $41.53.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management grew its position in Global X S&P 500 Covered Call ETF by 112.3% during the 4th quarter. Spire Wealth Management now owns 849 shares of the company’s stock worth $36,000 after purchasing an additional 449 shares in the last quarter. Copley Financial Group Inc. acquired a new stake in shares of Global X S&P 500 Covered Call ETF during the 3rd quarter valued at $41,000. CWM LLC boosted its stake in shares of Global X S&P 500 Covered Call ETF by 12.2% during the 3rd quarter. CWM LLC now owns 3,450 shares of the company’s stock valued at $143,000 after buying an additional 375 shares during the period. Fifth Third Bancorp boosted its stake in shares of Global X S&P 500 Covered Call ETF by 182.2% during the 4th quarter. Fifth Third Bancorp now owns 4,679 shares of the company’s stock valued at $196,000 after buying an additional 3,021 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Global X S&P 500 Covered Call ETF during the 4th quarter valued at $198,000.

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.