Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sets New 52-Week High – Here’s Why

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLDGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.08 and last traded at $16.07, with a volume of 55180 shares. The stock had previously closed at $16.00.

Global X Russell 2000 Covered Call ETF Stock Performance

The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 15.90 and a beta of 0.53. The firm’s fifty day simple moving average is $15.78 and its 200 day simple moving average is $15.54.

Institutional Investors Weigh In On Global X Russell 2000 Covered Call ETF

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in Global X Russell 2000 Covered Call ETF by 1,032.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,328 shares of the company’s stock valued at $169,000 after acquiring an additional 10,328 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Global X Russell 2000 Covered Call ETF by 12.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 923,028 shares of the company’s stock worth $13,819,000 after purchasing an additional 99,936 shares in the last quarter. Bank of America Corp DE increased its holdings in Global X Russell 2000 Covered Call ETF by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 2,107,785 shares of the company’s stock worth $31,427,000 after purchasing an additional 80,134 shares in the last quarter. Great Valley Advisor Group Inc. raised its stake in shares of Global X Russell 2000 Covered Call ETF by 20.5% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 13,736 shares of the company’s stock valued at $205,000 after purchasing an additional 2,334 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in shares of Global X Russell 2000 Covered Call ETF in the 2nd quarter valued at about $1,687,000.

Global X Russell 2000 Covered Call ETF Company Profile

(Get Free Report)

The Global X Russell 2000 Covered Call ETF (RYLD) is an exchange-traded fund that is based on the CBOE Russell 2000 BuyWrite index. The fund tracks a market-cap selected and weighted index along with call options for the underlying index. RYLD was launched on Apr 17, 2019 and is managed by Global X.

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