Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Large Volume Increase – Should You Buy?

Shares of Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw unusually-high trading volume on Tuesday . Approximately 1,024,077 shares were traded during mid-day trading, an increase of 50% from the previous session’s volume of 681,865 shares.The stock last traded at $39.24 and had previously closed at $39.69.

Global X S&P 500 Covered Call ETF Stock Performance

The stock has a market cap of $3.04 billion, a PE ratio of 26.63 and a beta of 0.65. The company’s 50 day simple moving average is $42.02 and its 200 day simple moving average is $41.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC boosted its holdings in shares of Global X S&P 500 Covered Call ETF by 6,556.4% in the 4th quarter. Proficio Capital Partners LLC now owns 11,226,955 shares of the company’s stock worth $470,409,000 after buying an additional 11,058,290 shares during the last quarter. LPL Financial LLC grew its position in shares of Global X S&P 500 Covered Call ETF by 11.2% during the 4th quarter. LPL Financial LLC now owns 3,573,475 shares of the company’s stock valued at $149,729,000 after acquiring an additional 359,850 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Global X S&P 500 Covered Call ETF during the 4th quarter worth approximately $64,354,000. Wells Fargo & Company MN raised its holdings in shares of Global X S&P 500 Covered Call ETF by 13.5% in the 4th quarter. Wells Fargo & Company MN now owns 730,569 shares of the company’s stock worth $30,611,000 after purchasing an additional 87,059 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in Global X S&P 500 Covered Call ETF by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 593,634 shares of the company’s stock valued at $24,873,000 after purchasing an additional 18,294 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.