S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Trading 0.3% Higher – Here’s Why

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG)’s share price traded up 0.3% during mid-day trading on Thursday . The stock traded as high as $27.22 and last traded at $27.20. 37,798 shares were traded during mid-day trading, an increase of 52% from the average session volume of 24,946 shares. The stock had previously closed at $27.11.

S&P 500 Covered Call & Growth ETF Trading Up 0.3%

The company’s 50 day moving average is $27.12 and its 200-day moving average is $28.24. The company has a market capitalization of $62.29 million, a P/E ratio of 25.30 and a beta of 0.77.

S&P 500 Covered Call & Growth ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Monday, February 23rd were paid a $0.1143 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, February 23rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in S&P 500 Covered Call & Growth ETF stock. Janney Montgomery Scott LLC purchased a new position in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,624 shares of the company’s stock, valued at approximately $292,000. Janney Montgomery Scott LLC owned approximately 0.45% of S&P 500 Covered Call & Growth ETF 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.