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

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

Global X Dow 30 Covered Call ETF Stock Performance

Global X Dow 30 Covered Call ETF stock traded up $0.15 during trading hours on Thursday, reaching $22.37. 54,812 shares of the stock were exchanged, compared to its average volume of 70,163. 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 $183.66 million, a P/E ratio of 21.12 and a beta of 0.46. The firm’s 50 day moving average is $22.10 and its 200 day moving average is $21.90.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Global X Dow 30 Covered Call ETF by 10.1% in the 4th quarter. LPL Financial LLC now owns 648,311 shares of the company’s stock valued at $14,263,000 after purchasing an additional 59,246 shares in the last quarter. Raymond James Financial Inc. raised its stake 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 in the last quarter. Royal Bank of Canada raised its stake 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 in the last quarter. XML Financial LLC lifted its holdings in shares of Global X Dow 30 Covered Call ETF by 100.7% in the 1st quarter. XML Financial LLC now owns 60,131 shares of the company’s stock valued at $1,265,000 after buying an additional 30,177 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Global X Dow 30 Covered Call ETF by 75.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 59,583 shares of the company’s stock valued at $1,254,000 after buying an additional 25,659 shares during the period.

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.