RYLD Stock Summary and Trading Ideas (Global X Russell 2000 Covered Call ETF | BATS:RYLD)

The Global X Russell 2000 Covered Call ETF (RYLD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index. The Underlying Index measures the performance of a theoretical portfolio that holds a portfolio of the stocks included in the Russell 2000 Index (the Reference Index ), and writes (or sells) a succession of one-month at-the-money covered call options on the Reference Index. The written covered call options on the Reference Index are held until expiration. The Reference Index is an equity benchmark which measures the performance of the small-capitalization sector of the U.S. equity market, as defined by FTSE Russell (the Index Provider ). In seeking to track the Underlying Index, the Fund follows a buy-write (also called a covered call) investment strategy on the Reference Index in which the Fund purchases the component securities of the Reference Index or purchases other investments (including other underlying ETFs) that have economic characteristics that are substantially identical to the economic characteristics of such component securities, and also writes (or sells) call options that correspond to the Reference Index.

Global X Russell 2000 Covered Call ETF trades on the BATS stock market under the symbol RYLD.

As of November 7, 2024, RYLD stock price climbed to $16.76 with 840,169 million shares trading.

RYLD has a beta of 0.55, meaning it tends to be less sensitive to market movements. RYLD has a correlation of 0.55 to the broad based SPY ETF.

RYLD has a market cap of $1.47 billion. This is considered a Small Cap stock.

In the last 3 years, RYLD traded as high as $25.82 and as low as $14.75.

RYLD has underperformed the market in the last year with a return of +13.8%, while the SPY ETF gained +38.3%. In the last 3 month period, RYLD fell short of the market, returning +11.9%, while SPY returned +14.4%. However, in the most recent 2 weeks RYLD has outperformed the stock market by returning +4.3%, while SPY returned +3.0%.

RYLD support price is $16.59 and resistance is $16.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RYLD shares will trade within this expected range on the day.