Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Short Interest Down 41.5% in August

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 71,001 shares, a decline of 41.5% from the July 30th total of 121,361 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 57,056 shares, the days-to-cover ratio is currently 1.2 days.

Global X Dow 30 Covered Call ETF Stock Performance

Shares of NYSEARCA DJIA traded down $0.03 during trading hours on Monday, hitting $22.90. The stock had a trading volume of 31,970 shares, compared to its average volume of 68,330. The firm’s 50-day moving average price is $22.47 and its two-hundred day moving average price is $21.98. Global X Dow 30 Covered Call ETF has a 52 week low of $20.65 and a 52 week high of $23.00. The company has a market capitalization of $188.70 million, a P/E ratio of 21.12 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. XML Financial LLC raised its holdings in shares of Global X Dow 30 Covered Call ETF by 352.0% during the 2nd quarter. XML Financial LLC now owns 271,811 shares of the company’s stock valued at $6,018,000 after purchasing an additional 211,680 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Global X Dow 30 Covered Call ETF by 10.1% in the first quarter. Cetera Investment Advisers now owns 41,355 shares of the company’s stock worth $870,000 after purchasing an additional 3,780 shares in the last quarter. Fifth Third Bancorp acquired a new position in Global X Dow 30 Covered Call ETF during the first quarter worth $111,000. Private Advisor Group LLC increased its position in Global X Dow 30 Covered Call ETF by 18.8% during the first quarter. Private Advisor Group LLC now owns 19,000 shares of the company’s stock worth $400,000 after buying an additional 3,000 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Global X Dow 30 Covered Call ETF by 75.6% during the first quarter. Janney Montgomery Scott LLC now owns 59,583 shares of the company’s stock worth $1,254,000 after buying an additional 25,659 shares during the last quarter.

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.