Global X Russell 2000 Covered Call & Growth ETFGlobal X Russell 2000 Covered Call & Growth ETFGlobal X Russell 2000 Covered Call & Growth ETF

Global X Russell 2000 Covered Call & Growth ETF

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Key stats


Assets under management (AUM)
‪8.04 M‬USD
Fund flows (1Y)
‪1.29 M‬USD
Dividend yield (indicated)
7.85%
Discount/Premium to NAV
−0.04%
Shares outstanding
‪359.98 K‬
Expense ratio
0.35%

About Global X Russell 2000 Covered Call & Growth ETF


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Inception date
Oct 4, 2022
Structure
Open-Ended Fund
Index tracked
Cboe Russell 2000 Half BuyWrite Index
Replication method
Physical
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
ISIN
US37960A7761
RYLG attempts to provide growth and yield by tracking an index that holds the stocks of the Russell 2000 Index and writes one-month, at-the-money index call options on half of the portfolio value. The call options are held through expiration, either expiring or settling in cash. The fund looks to earn some premium income from half of the portfolio while allowing the other half upside potential. Holding the various positions and writing index call options inside an ETF wrapper is a more efficient way to access the strategy. The strategy should reduce volatility and help generate some income, compared to the index itself, but it also places a drag on the overall upside potential.

Broaden your horizons with more funds linked to RYLG via country, focus, and more.

Classification


Asset Class
Equity
Category
Size and style
Focus
Small cap
Niche
Broad-based
Strategy
Buy-write
Geography
U.S.
Weighting scheme
Fixed
Selection criteria
Fixed
What's in the fund
Exposure type
Bonds, Cash & Other
ETF
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RYLG trades at 22.23 USD today, its price has fallen −0.05% in the past 24 hours. Track more dynamics on RYLG price chart.
RYLG net asset value is 22.25 today — it's risen 4.31% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
RYLG assets under management is ‪8.04 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
RYLG price has risen by 6.77% over the last month, and its yearly performance shows a −14.13% decrease. See more dynamics on RYLG price chart.
NAV returns, another gauge of an ETF dynamics, showed a 10.74% increase in three-month performance and has increased by 7.76% in a year.
RYLG fund flows account for ‪1.29 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
RYLG invests in funds. See more details in our Analysis section.
RYLG expense ratio is 0.35%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, RYLG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, RYLG technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RYLG shows the sell signal. See more of RYLG technicals for a more comprehensive analysis.
Yes, RYLG pays dividends to its holders with the dividend yield of 7.85%.
RYLG trades at a premium (0.04%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
RYLG shares are issued by Mirae Asset Global Investments Co., Ltd.
RYLG follows the Cboe Russell 2000 Half BuyWrite Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 4, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.