Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Sees Significant Growth in Short Interest

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 13,270 shares, a growth of 202.8% from the May 14th total of 4,382 shares. Based on an average daily trading volume, of 72,462 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Global X Dow 30 Covered Call ETF Trading Up 0.4%

NYSEARCA DJIA opened at $22.04 on Friday. The company has a market capitalization of $172.79 million, a PE ratio of 21.12 and a beta of 0.47. Global X Dow 30 Covered Call ETF has a twelve month low of $20.65 and a twelve month high of $22.75. The business’s 50-day moving average price is $21.60 and its 200 day moving average price is $21.96.

Institutional Investors Weigh In On Global X Dow 30 Covered Call ETF

Several hedge funds have recently modified their holdings of the stock. National Bank of Canada FI raised its holdings 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 valued at $177,000 after buying an additional 457 shares during the period. Simplex Trading LLC grew its stake in Global X Dow 30 Covered Call ETF by 327.3% during the 4th 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 in the last quarter. Kestra Private Wealth Services LLC grew its stake in 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 valued at $333,000 after purchasing an additional 1,197 shares in the last quarter. Stifel Financial Corp grew its stake in Global X Dow 30 Covered Call ETF by 9.1% during the 4th quarter. Stifel Financial Corp now owns 15,757 shares of the company’s stock valued at $347,000 after purchasing an additional 1,314 shares in the last quarter. Finally, CreativeOne Wealth LLC grew its stake in Global X Dow 30 Covered Call ETF by 13.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 13,250 shares of the company’s stock valued at $290,000 after purchasing an additional 1,568 shares in 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.