Global X Russell 2000 Covered Call ETF
RYLD

$16.28

0.25%

Market Cap: $1.42B

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

19% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 42

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1.85% less ownership

Funds ownership: 22.69% [Q1] → 20.84% (-1.85%) [Q2]

4% less funds holding

Funds holding: 132 [Q1] → 127 (-5) [Q2]

11% less capital invested

Capital invested by funds: $322M [Q1] → $288M (-$34.3M) [Q2]

23% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 22

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Research analyst outlook

We haven’t received any recent analyst ratings for RYLD.

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Financial journalist opinion

RYLD: I'd Rather Prefer Small-Caps Without The Covered Call Overlay

Covered call strategies, like Global X Russell 2000 Covered Call ETF, offer high yields and potential downside protection but may underperform in strong markets. RYLD aims to match the Cboe Russell 2000 BuyWrite Index by buying the Global X Russell 2000 ETF and selling call options on it. Despite its high yield, RYLD has underperformed the iShares Russell 2000 ETF in total returns, though this trend may change with market behavior.

RYLD: I'd Rather Prefer Small-Caps Without The Covered Call Overlay

Undercovered Dozen ETF Edition: China, Bitcoin, Cybersecurity, Motley Fool +

This ETF Edition highlights 12 less covered exchange-traded fund ideas on Seeking Alpha from June 1st - July 15th. ETFs in our first edition include Saba Closed-End Funds, iShares 20+ Year Treasury Bond BuyWrite Strategy, Global X Russell 2000 Covered Call, Invesco S&P 500 GARP, and more. Managed futures are in focus with one ETF idea where the author writes they "offer potential for maximizing income, boosting returns, and reducing volatility in a portfolio".

Undercovered Dozen ETF Edition: China, Bitcoin, Cybersecurity, Motley Fool +

RYLD: 2 Alternatives To 12.3% Yielding Covered Call Fund

RYLD has dropped over the last 7 months. Total return has done better, but the fund has only returned about 3.1% annually since inception. We go over why and tell you how we are making income while dodging this one.

RYLD: 2 Alternatives To 12.3% Yielding Covered Call Fund

RYLD: Optically Enticing, But Fundamentally Still Weak

In September last year, I issued a bearish piece on RYLD arguing that the ETF is structured in a way that inherently limits alpha potential. So far, the investment thesis has played out nicely. Yet, given the flight to value and struggling tech names, it might seem that RYLD's prospects have finally improved.

RYLD: Optically Enticing, But Fundamentally Still Weak

My 9% Income Portfolio - Harmony In Investment

Surrounded by the smoothness of the Tuscan landscape, I have always thought that the pursuit of harmony in human activities is the first step toward happiness. I also chase a balance in investments, seeking to create a portfolio whose securities provide a steady cash flow over time and grow the nominal capital invested.

My 9% Income Portfolio - Harmony In Investment

RYLD: Small Cap Implied Volatility Dips, Not Ideal For Selling Calls

Russell 2000 implied volatility hits a two-month low, which means less in the way of option premium to be collected from selling upside calls. Small caps continue to struggle relative to large caps, but IWM's absolute chart shows signs of life, suggesting that owning IWM over RYLD today could make more sense. The Global X Russell 2000 Covered Call ETF has underperformed and may not be the best investment option right now given macro conditions, though seasonality is strong ahead.

RYLD: Small Cap Implied Volatility Dips, Not Ideal For Selling Calls

RYLD: Lagging Other Buy-Write ETFs

Global X Russell 2000 Covered Call ETF implements a buy-write strategy in the small cap index Russell 2000. The RYLD ETF shows a 2-digit yield, but also a high variability in distributions and a large decay in share price. The covered call strategy was quite effective in 2022, but RYLD has underperformed at least 5 competitors since its inception.

RYLD: Lagging Other Buy-Write ETFs

My 9% Income Portfolio-In Search For Happiness

For those who invest for dividends, the goal is to look for securities that can guarantee sustainable dividends and distributions over time. Choices about how to deploy the income generated by those instruments are personal and depend on each investor's needs, financial means, and age.

My 9% Income Portfolio-In Search For Happiness

Zacks Investment Research

Hedge Market Volatility With These ETFs

Market volatility has returned this year on fading bets over interest rate cuts, with the CBOE Volatility Index, also known as fear gauge, rising to a two-month high.

Hedge Market Volatility With These ETFs

My 9% Income Portfolio-Living Off Dividends

Total Return is the actual rate of return for an investment over a given evaluation period, typically one, three, five, or ten years. The Total NAV Return is the sum of all dividends/distributions, assuming they are reinvested, plus the change in the NAV of the fund, be it positive or negative. However, managing our portfolio is not only about applying financial rules, because it is not certain that dividends can and will always be reinvested.

My 9% Income Portfolio-Living Off Dividends

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