Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Trading 0.2% Higher – Should You Buy?

Posted by ABMN Staff on Jan 7th, 2025

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD – Get Free Report)’s share price was up 0.2% during mid-day trading on Monday . The stock traded as high as $16.60 and last traded at $16.54. Approximately 890,358 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 716,119 shares. The stock had previously closed at $16.50.

Global X Russell 2000 Covered Call ETF Trading Up 0.2 %

The company has a market cap of $1.41 billion, a P/E ratio of 10.21 and a beta of 0.62. The business’s 50 day simple moving average is $16.55 and its 200 day simple moving average is $16.23.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RYLD. Foundations Investment Advisors LLC raised its holdings in Global X Russell 2000 Covered Call ETF by 18.5% during the third quarter. Foundations Investment Advisors LLC now owns 27,673 shares of the company’s stock valued at $447,000 after acquiring an additional 4,318 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Global X Russell 2000 Covered Call ETF during the third quarter worth about $166,000. Mesirow Financial Investment Management Inc. raised its stake in Global X Russell 2000 Covered Call ETF by 3.5% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 191,881 shares of the company’s stock valued at $3,101,000 after purchasing an additional 6,566 shares during the period. LPL Financial LLC lifted its holdings in Global X Russell 2000 Covered Call ETF by 25.0% in the 2nd quarter. LPL Financial LLC now owns 2,503,601 shares of the company’s stock worth $40,133,000 after purchasing an additional 501,018 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its stake in Global X Russell 2000 Covered Call ETF by 158.9% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 70,862 shares of the company’s stock worth $1,136,000 after purchasing an additional 43,487 shares during the period.