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

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $42.40 and last traded at $42.38, with a volume of 70961 shares. The stock had previously closed at $42.36.

Global X S&P 500 Covered Call ETF Trading Up 0.0 %

The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 20.31 and a beta of 0.44. The company has a 50 day simple moving average of $41.86 and a 200-day simple moving average of $41.11.

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

A number of large investors have recently modified their holdings of the business. Copley Financial Group Inc. bought a new stake in Global X S&P 500 Covered Call ETF during the third quarter worth $41,000. Strategic Financial Concepts LLC bought a new stake in shares of Global X S&P 500 Covered Call ETF in the 2nd quarter valued at about $42,000. Concourse Financial Group Securities Inc. lifted its stake 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 during the last quarter. Chris Bulman Inc bought a new position in Global X S&P 500 Covered Call ETF during the second quarter worth about $92,000. Finally, CWM LLC increased its position in Global X S&P 500 Covered Call ETF by 12.2% during the third quarter. CWM LLC now owns 3,450 shares of the company’s stock worth $143,000 after buying an additional 375 shares during 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.