Global X Russell 2000 Covered Call ETFRYLD
RYLD
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
136% more call options, than puts
Call options by funds: $601K | Put options by funds: $255K
77% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 35
9.19% more ownership
Funds ownership: 23.67% [Q2] → 32.86% (+9.19%) [Q3]
5% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 19
1% more funds holding
Funds holding: 128 [Q2] → 129 (+1) [Q3]
0% more capital invested
Capital invested by funds: $327M [Q2] → $328M (+$1.37M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for RYLD.
Financial journalist opinion
Positive
Seeking Alpha
1 month ago
My 9.5% Income Portfolio CEFs And Classic Cars
Closed-end funds are special income vehicles, with many positive aspects and just as many weaknesses that take time to be properly understood and evaluated. I discovered their existence about ten years ago, and over time, I became convinced of their worth by developing a personal method of selection based mainly on NAV performance. This is an analytical, data-driven approach which I then extended to other types of securities in my portfolio, namely ETFs and BDCs.
Positive
Seeking Alpha
1 month ago
Russell 2000 Not A Great Fit In RYLD's Strategy
RYLD tracks the Russell 2000 while systematically selling monthly at-the-money covered calls on the index. The Russell 2000 is not a great fit for this strategy due to its tendency to reap gains through sudden, large increases in value rather than gradual growth. Hence, RYLD has suffered severe NAV erosion with the fund down over 30% despite a 55% in the underlying.
Positive
Seeking Alpha
1 month ago
Steady Cash Flow Or Missed Gains? A Look At RYLD's Covered Call Approach
RYLD employs a covered call strategy on the Russell 2000, offering high monthly income but capping upside potential, making it attractive for income-focused investors. Since inception, RYLD has underperformed the Russell 2000 Index, delivering a 23% ROI versus the index's 52%, mainly due to its strategy's limitations. The fund's high distribution yield of over 12% is attractive, but investors should consider total return, as much of the yield is return of capital.
Neutral
Invezz
2 months ago
RYLD yields 12%, IWM 1.1%: which is the better Russel 2000 ETF?
Small cap companies have underperformed their large-cap peers in the past few years as most of them have struggled in a high-interest-rate environment. For example, the S&P 500 index and the Nasdaq 100 have had total returns of over 72% in the last five years, while the Russell 2000 index has returned 57.
Neutral
Seeking Alpha
2 months ago
My 9.5% Income Portfolio-Fifty Shades Of Blue
My portfolio includes CEFs, ETFs, a few BDCs and an ETN, for whose selection I have developed over the years a criterion based mainly on NAV performance. In this article, however, I decided to focus on the price of each security in my portfolio, comparing it with the lows and highs touched throughout its history. An overview of the path each one has taken from launch to current market quotation with a personal assessment of the possible room for maneuver from those values.
Positive
Invezz
2 months ago
RYLD ETF: Is this 12% yielding Russell 2000 ETF a buy?
The Global X Russell 2000 Covered Call ETF (RYLD) has become one of the most popular small-cap-focused active fund. It has accumulated over $1.4 billion, with $35 million of these funds coming this year.
Negative
Seeking Alpha
3 months ago
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.
Neutral
Seeking Alpha
5 months ago
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".
Positive
Seeking Alpha
5 months ago
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.
Negative
Seeking Alpha
7 months ago
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.
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