S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Shares Up 0.3% – Still a Buy?

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG)’s share price rose 0.3% during trading on Wednesday . The stock traded as high as $28.63 and last traded at $28.53. Approximately 9,139 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 40,267 shares. The stock had previously closed at $28.44.

S&P 500 Covered Call & Growth ETF Stock Performance

The stock’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $31.29. The company has a market capitalization of $65.33 million, a price-to-earnings ratio of 22.83 and a beta of 0.71.

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

A hedge fund recently bought a new stake in S&P 500 Covered Call & Growth ETF stock. Private Trust Co. NA purchased a new position in S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,948 shares of the company’s stock, valued at approximately $63,000. Private Trust Co. NA owned approximately 0.09% of S&P 500 Covered Call & Growth ETF at the end of the most recent quarter.

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.