Global X S&P 500 Covered Call & Growth ETF Price & Performance (XYLG)

Smartleaf Asset Management LLC acquired 1,463 shares of the Global X S&P 500 Covered Call ETF in Q4 2024, valued at $61,000. This move aligns with a broader trend of increased interest in XYLD, as several hedge funds also boosted their positions recently, reflecting confidence in its income-generation strategy.12

Covered call ETFs, such as the Global X S&P 500 Covered Call ETF and others, are gaining popularity for their ability to generate income and offer downside protection. With Wall Street facing economic uncertainties, these ETFs provide a cushion against market declines while benefiting from higher option premiums during volatile periods.34

The Global X Russell 2000 Covered Call & Growth ETF (RYLG) offers a high annual dividend yield of 25.1%, appealing to income-focused investors. Despite a 7% year-to-date decline, its covered call strategy and modest expense ratio make it an attractive option for those seeking small-cap exposure and regular income.56