S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Stock Price Down 1.4% – Time to Sell?

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) dropped 1.4% on Thursday . The stock traded as low as $27.61 and last traded at $27.66. Approximately 22,129 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 34,093 shares. The stock had previously closed at $28.05.

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

The stock has a market cap of $61.89 million, a price-to-earnings ratio of 26.74 and a beta of 0.82. The company’s 50-day moving average is $28.93 and its 200-day moving average is $31.06.

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

Hedge funds have recently modified their holdings of the company. Private Trust Co. NA bought a new stake in shares of S&P 500 Covered Call & Growth ETF during the third quarter valued at approximately $63,000. SBI Securities Co. Ltd. bought a new stake in shares of S&P 500 Covered Call & Growth ETF during the fourth quarter valued at approximately $108,000. Finally, OLD Mission Capital LLC bought a new stake in shares of S&P 500 Covered Call & Growth ETF during the fourth quarter valued at approximately $388,000.

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.