Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 12,157 shares, a growth of 51.2% from the August 31st total of 8,041 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 38,672 shares, the short-interest ratio is currently 0.3 days.
Global X Dow 30 Covered Call ETF Stock Down 0.8%
Shares of NYSEARCA:DJIA opened at $22.13 on Thursday. Global X Dow 30 Covered Call ETF has a 52-week low of $20.65 and a 52-week high of $23.06. The company has a 50 day moving average of $22.66 and a two-hundred day moving average of $22.03. The company has a market capitalization of $186.30 million, a price-to-earnings ratio of 21.12 and a beta of 0.46.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in Global X Dow 30 Covered Call ETF by 50.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,954 shares of the company’s stock worth $995,000 after buying an additional 15,132 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Global X Dow 30 Covered Call ETF during the second quarter valued at about $273,000. XML Financial LLC increased its position in shares of Global X Dow 30 Covered Call ETF by 352.0% during the second quarter. XML Financial LLC now owns 271,811 shares of the company’s stock worth $6,018,000 after acquiring an additional 211,680 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Global X Dow 30 Covered Call ETF by 10.1% during the first quarter. Cetera Investment Advisers now owns 41,355 shares of the company’s stock worth $870,000 after acquiring an additional 3,780 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Global X Dow 30 Covered Call ETF in the first quarter worth about $111,000.
About Global X Dow 30 Covered Call ETF
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.
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