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

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

S&P 500 Covered Call & Growth ETF Price Performance

The stock has a 50-day moving average of $32.03 and a 200 day moving average of $31.11. The stock has a market capitalization of $75.55 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. NBC Securities Inc. bought a new position in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,480 shares of the company’s stock, valued at approximately $47,000. NBC Securities Inc. owned about 0.06% of S&P 500 Covered Call & Growth ETF at the end of the most recent 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.