Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) Sees Strong Trading Volume – What’s Next?

Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD) saw strong trading volume on Wednesday . 1,698,144 shares were traded during mid-day trading, an increase of 302% from the previous session’s volume of 421,943 shares.The stock last traded at $41.86 and had previously closed at $41.86.

Global X S&P 500 Covered Call ETF Trading Up 0.0 %

The firm has a market capitalization of $2.93 billion, a PE ratio of 20.31 and a beta of 0.44. The business’s 50 day simple moving average is $41.22 and its 200 day simple moving average is $40.62.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XYLD. Chilton Capital Management LLC bought a new position in Global X S&P 500 Covered Call ETF during the first quarter valued at $25,000. Mather Group LLC. bought a new position in shares of Global X S&P 500 Covered Call ETF in the second quarter worth about $33,000. PNC Financial Services Group Inc. bought a new position in shares of Global X S&P 500 Covered Call ETF in the fourth quarter worth about $36,000. Strategic Financial Concepts LLC bought a new position in shares of Global X S&P 500 Covered Call ETF in the second quarter worth about $42,000. Finally, Concourse Financial Group Securities Inc. grew its holdings in shares of Global X S&P 500 Covered Call ETF by 121.3% in the second quarter. Concourse Financial Group Securities Inc. now owns 1,328 shares of the company’s stock worth $54,000 after purchasing an additional 728 shares during the last quarter.

About Global X S&P 500 Covered Call ETF

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.