Short Interest in Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Rises By 111.6%

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 72,384 shares, an increase of 111.6% from the June 30th total of 34,205 shares. Based on an average daily trading volume, of 50,922 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.9% of the company’s shares are short sold.

Global X Dow 30 Covered Call ETF Stock Performance

DJIA traded down $0.30 during mid-day trading on Wednesday, reaching $22.22. The stock had a trading volume of 112,369 shares, compared to its average volume of 70,270. The firm’s fifty day simple moving average is $22.09 and its two-hundred day simple moving average is $21.90. The stock has a market capitalization of $182.43 million, a P/E ratio of 21.12 and a beta of 0.46. Global X Dow 30 Covered Call ETF has a 52 week low of $20.65 and a 52 week high of $22.75.

Hedge Funds Weigh In On Global X Dow 30 Covered Call ETF

Several hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in Global X Dow 30 Covered Call ETF by 10.1% during the 4th quarter. LPL Financial LLC now owns 648,311 shares of the company’s stock worth $14,263,000 after purchasing an additional 59,246 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Global X Dow 30 Covered Call ETF by 24.6% during the 3rd quarter. Raymond James Financial Inc. now owns 81,064 shares of the company’s stock worth $1,771,000 after buying an additional 16,018 shares during the period. Royal Bank of Canada grew its position in shares of Global X Dow 30 Covered Call ETF by 13.1% during the 1st quarter. Royal Bank of Canada now owns 74,038 shares of the company’s stock worth $1,634,000 after buying an additional 8,550 shares during the period. XML Financial LLC raised its stake in shares of Global X Dow 30 Covered Call ETF by 100.7% during the first quarter. XML Financial LLC now owns 60,131 shares of the company’s stock worth $1,265,000 after buying an additional 30,177 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of 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.

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.