S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Stock Price Down 0.6% – What’s Next?

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) shares fell 0.6% during trading on Monday . The company traded as low as $28.90 and last traded at $29.02. 27,582 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 23,396 shares. The stock had previously closed at $29.20.

S&P 500 Covered Call & Growth ETF Trading Down 0.6%

The company has a market capitalization of $54.27 million, a price-to-earnings ratio of 25.30 and a beta of 0.78. The company has a 50 day moving average price of $28.97 and a 200 day moving average price of $27.98.

Institutional Trading of S&P 500 Covered Call & Growth ETF

An institutional investor recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Farther Finance Advisors LLC grew its holdings in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,319 shares of the company’s stock after purchasing an additional 2,168 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.75% of S&P 500 Covered Call & Growth ETF worth $394,000 at the end of the most recent reporting period.

S&P 500 Covered Call & Growth ETF Company Profile

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.