Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Unusually-High Trading Volume – Here’s Why

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Thursday . Approximately 1,274,850 shares were traded during trading, an increase of 34% from the previous session’s volume of 952,666 shares.The stock last traded at $40.95 and had previously closed at $40.83.

Global X S&P 500 Covered Call ETF Price Performance

The stock has a 50 day simple moving average of $40.47 and a 200-day simple moving average of $40.40. The firm has a market cap of $3.18 billion, a PE ratio of 25.32 and a beta of 0.49.

Institutional Trading of Global X S&P 500 Covered Call ETF

Several institutional investors have recently bought and sold shares of XYLD. Jane Street Group LLC purchased a new position in Global X S&P 500 Covered Call ETF in the first quarter worth about $3,796,000. JPMorgan Chase & Co. grew its holdings in shares of Global X S&P 500 Covered Call ETF by 185.0% during the second quarter. JPMorgan Chase & Co. now owns 10,783 shares of the company’s stock valued at $420,000 after buying an additional 6,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Global X S&P 500 Covered Call ETF by 21.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 153,576 shares of the company’s stock valued at $5,971,000 after acquiring an additional 27,606 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in shares of Global X S&P 500 Covered Call ETF by 30.3% during the second quarter. Ausdal Financial Partners Inc. now owns 23,486 shares of the company’s stock valued at $915,000 after acquiring an additional 5,464 shares in the last quarter. Finally, MGB Wealth Management LLC purchased a new position in Global X S&P 500 Covered Call ETF in the 2nd quarter worth approximately $26,000.

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.