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

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

Global X Dow 30 Covered Call ETF Stock Performance

Shares of Global X Dow 30 Covered Call ETF stock traded up $0.03 during trading hours on Friday, hitting $21.98. The company’s stock had a trading volume of 38,064 shares, compared to its average volume of 74,355. Global X Dow 30 Covered Call ETF has a 12-month low of $20.65 and a 12-month high of $22.75. The company has a market cap of $172.32 million, a PE ratio of 21.12 and a beta of 0.47. The business has a 50 day moving average price of $21.40 and a two-hundred day moving average price of $21.97.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. National Bank of Canada FI raised its stake in shares of Global X Dow 30 Covered Call ETF by 5.9% in the third quarter. National Bank of Canada FI now owns 8,139 shares of the company’s stock valued at $177,000 after acquiring an additional 457 shares during the period. Simplex Trading LLC lifted its stake in shares of 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 worth $32,000 after acquiring an additional 1,103 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of 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 worth $333,000 after acquiring an additional 1,197 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of 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 worth $347,000 after acquiring an additional 1,314 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in shares of 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 worth $290,000 after acquiring an additional 1,568 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.