S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Trading 0.1% Higher – Time to Buy?

Shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) shot up 0.1% during mid-day trading on Monday . The company traded as high as $33.20 and last traded at $33.09. 13,124 shares traded hands during trading, an increase of 20% from the average session volume of 10,953 shares. The stock had previously closed at $33.05.

S&P 500 Covered Call & Growth ETF Stock Up 0.1 %

The stock’s 50-day moving average price is $32.00 and its 200-day moving average price is $31.08. The company has a market capitalization of $75.78 million, a price-to-earnings ratio of 22.83 and a beta of 0.71.

Institutional Investors Weigh In On S&P 500 Covered Call & Growth ETF

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. NBC Securities Inc. acquired a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,480 shares of the company’s stock, valued at approximately $47,000. NBC Securities Inc. owned approximately 0.06% of S&P 500 Covered Call & Growth ETF as of its most recent SEC filing.

About S&P 500 Covered Call & Growth ETF

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.