Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Short Interest Down 53.2% in May

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 4,382 shares, a drop of 53.2% from the April 30th total of 9,368 shares. Based on an average daily volume of 66,673 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Global X Dow 30 Covered Call ETF Stock Up 0.2%

NYSEARCA DJIA traded up $0.04 during trading hours on Tuesday, hitting $21.97. 38,984 shares of the company were exchanged, compared to its average volume of 73,745. The stock has a 50-day moving average price of $21.42 and a 200 day moving average price of $21.97. Global X Dow 30 Covered Call ETF has a 52 week low of $20.65 and a 52 week high of $22.75. The stock has a market cap of $172.24 million, a PE ratio of 21.12 and a beta of 0.47.

Institutional Trading of Global X Dow 30 Covered Call ETF

A number of hedge funds have recently bought and sold shares of DJIA. Simplex Trading LLC lifted its holdings in Global X Dow 30 Covered Call ETF by 327.3% during the fourth quarter. Simplex Trading LLC now owns 1,440 shares of the company’s stock worth $32,000 after buying an additional 1,103 shares during the period. Kestra Advisory Services LLC purchased a new stake in Global X Dow 30 Covered Call ETF during the fourth quarter worth $37,000. Flagship Harbor Advisors LLC purchased a new stake in Global X Dow 30 Covered Call ETF during the fourth quarter worth $75,000. Fifth Third Bancorp purchased a new stake in Global X Dow 30 Covered Call ETF during the first quarter worth $111,000. Finally, Rockefeller Capital Management L.P. purchased a new stake in Global X Dow 30 Covered Call ETF during the fourth quarter worth $114,000.

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.