Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) Sees Strong Trading Volume – What’s Next?

Global X Russell 2000 Covered Call ETF (NYSEARCA:RYLD) saw unusually-high trading volume on Monday . Approximately 1,137,735 shares traded hands during mid-day trading, an increase of 23% from the previous session’s volume of 925,494 shares.The stock last traded at $14.92 and had previously closed at $14.81.

Global X Russell 2000 Covered Call ETF Price Performance

The business has a 50-day moving average of $15.54 and a 200 day moving average of $15.39. The company has a market cap of $1.26 billion, a PE ratio of 15.90 and a beta of 0.59.

Global X Russell 2000 Covered Call ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Monday, February 23rd were given a dividend of $0.1584 per share. This represents a c) annualized dividend and a dividend yield of 12.8%. The ex-dividend date of this dividend was Monday, February 23rd. This is an increase from Global X Russell 2000 Covered Call ETF’s previous monthly dividend of $0.16.

Hedge Funds Weigh In On Global X Russell 2000 Covered Call ETF

A number of institutional investors and hedge funds have recently made changes to their positions in RYLD. Fiduciary Alliance LLC bought a new stake in Global X Russell 2000 Covered Call ETF during the third quarter valued at approximately $595,000. OneAscent Family Office LLC bought a new position in Global X Russell 2000 Covered Call ETF in the third quarter worth approximately $511,000. RFG Advisory LLC boosted its stake in shares of Global X Russell 2000 Covered Call ETF by 40.5% during the 3rd quarter. RFG Advisory LLC now owns 136,664 shares of the company’s stock worth $2,057,000 after acquiring an additional 39,383 shares during the last quarter. Corient Private Wealth LLC purchased a new position in Global X Russell 2000 Covered Call ETF during the second quarter valued at $1,687,000. Finally, Cetera Investment Advisers grew its holdings in Global X Russell 2000 Covered Call ETF by 4.0% during the second quarter. Cetera Investment Advisers now owns 367,863 shares of the company’s stock valued at $5,485,000 after purchasing an additional 14,291 shares during the period.

About Global X Russell 2000 Covered Call ETF

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.