S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Shares Down 0.3% – What’s Next?

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) shares fell 0.3% during trading on Tuesday . The stock traded as low as $27.83 and last traded at $28.11. 7,892 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 24,733 shares. The stock had previously closed at $28.19.

S&P 500 Covered Call & Growth ETF Stock Performance

The firm has a market capitalization of $53.97 million, a P/E ratio of 25.30 and a beta of 0.81. The firm’s 50-day moving average is $27.91 and its 200 day moving average is $27.01.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position in S&P 500 Covered Call & Growth ETF by 100.0% in the 2nd quarter. Private Trust Co. NA now owns 1,000 shares of the company’s stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Farther Finance Advisors LLC lifted its position in S&P 500 Covered Call & Growth ETF by 17.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 14,319 shares of the company’s stock worth $394,000 after buying an additional 2,168 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of S&P 500 Covered Call & Growth ETF by 10.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 4,283 shares of the company’s stock worth $113,000 after buying an additional 404 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake in shares of S&P 500 Covered Call & Growth ETF by 147,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,480 shares of the company’s stock worth $39,000 after buying an additional 1,479 shares during the last quarter.

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.