Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Shares Shorted: Short Interest Up 476.0% in September

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 70,023 shares, a growth of 476.0% from the September 15th total of 12,157 shares. Based on an average trading volume of 62,868 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.8% of the company’s stock are sold short.

Global X Dow 30 Covered Call ETF Trading Up 0.7%

DJIA stock traded up $0.15 during mid-day trading on Friday, hitting $22.50. The stock had a trading volume of 47,726 shares, compared to its average volume of 65,842. The stock has a market capitalization of $190.57 million, a price-to-earnings ratio of 21.12 and a beta of 0.47. Global X Dow 30 Covered Call ETF has a 1-year low of $20.65 and a 1-year high of $23.06. The company has a fifty day moving average of $22.65 and a 200 day moving average of $22.08.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DJIA. XML Financial LLC raised its position 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 acquiring an additional 211,680 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings 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 valued at $1,254,000 after purchasing an additional 25,659 shares during the period. Envestnet Asset Management Inc. raised its holdings in Global X Dow 30 Covered Call ETF by 50.7% in the second quarter. Envestnet Asset Management Inc. now owns 44,954 shares of the company’s stock worth $995,000 after purchasing an additional 15,132 shares during the period. Citadel Advisors LLC acquired a new position in shares of Global X Dow 30 Covered Call ETF in the 2nd quarter valued at $273,000. Finally, Fifth Third Bancorp acquired a new stake in Global X Dow 30 Covered Call ETF during the 1st quarter worth $111,000.

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.