Short Interest in Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Expands By 67.7%

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 121,361 shares, an increase of 67.7% from the July 15th total of 72,384 shares. Based on an average trading volume of 60,732 shares, the short-interest ratio is presently 2.0 days. Approximately 1.5% of the company’s shares are sold short.

Global X Dow 30 Covered Call ETF Stock Performance

Shares of DJIA stock traded down $0.01 during mid-day trading on Tuesday, hitting $22.88. The company’s stock had a trading volume of 20,669 shares, compared to its average volume of 69,044. The company has a market cap of $188.53 million, a PE ratio of 21.12 and a beta of 0.46. The company’s fifty day simple moving average is $22.31 and its 200-day simple moving average is $21.94. Global X Dow 30 Covered Call ETF has a 52 week low of $20.65 and a 52 week high of $22.90.

Hedge Funds Weigh In On Global X Dow 30 Covered Call ETF

Several institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in shares of Global X Dow 30 Covered Call ETF by 5.9% during the 3rd quarter. National Bank of Canada FI now owns 8,139 shares of the company’s stock worth $177,000 after purchasing an additional 457 shares in the last quarter. Simplex Trading LLC raised its holdings in shares of Global X Dow 30 Covered Call ETF by 327.3% in the fourth quarter. Simplex Trading LLC now owns 1,440 shares of the company’s stock valued at $32,000 after purchasing an additional 1,103 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Global X Dow 30 Covered Call ETF by 8.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,143 shares of the company’s stock worth $333,000 after buying an additional 1,197 shares in the last quarter. Stifel Financial Corp lifted its holdings in Global X Dow 30 Covered Call ETF by 9.1% during the fourth quarter. Stifel Financial Corp now owns 15,757 shares of the company’s stock worth $347,000 after acquiring an additional 1,314 shares during the period. Finally, CreativeOne Wealth LLC boosted its holdings in shares of Global X Dow 30 Covered Call ETF by 13.4% in the 3rd quarter. CreativeOne Wealth LLC now owns 13,250 shares of the company’s stock worth $290,000 after buying an additional 1,568 shares during the last quarter.

Global X Dow 30 Covered Call ETF Company Profile

The Global X Dow 30 Covered Call ETF (DJIA) is an exchange-traded fund that is based on the DJIA Cboe BuyWrite v2 index. The fund tracks an index that uses a covered-call strategy to provide long exposure to the stocks in the Dow Jones Industrial Average and sell at-the-money index call options on each position. DJIA was launched on Feb 23, 2022 and is managed by Global X.