Short Interest in Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Decreases By 53.2%

by · The Cerbat Gem

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA – Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 4,382 shares, a decrease of 53.2% from the April 30th total of 9,368 shares. Based on an average daily volume of 66,673 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DJIA. Cetera Investment Advisers lifted its holdings in Global X Dow 30 Covered Call ETF by 10.1% in the first quarter. Cetera Investment Advisers now owns 41,355 shares of the company’s stock worth $870,000 after buying an additional 3,780 shares during the period. Fifth Third Bancorp purchased a new position in shares of Global X Dow 30 Covered Call ETF during the 1st quarter valued at $111,000. Private Advisor Group LLC lifted its stake in Global X Dow 30 Covered Call ETF by 18.8% in the 1st quarter. Private Advisor Group LLC now owns 19,000 shares of the company’s stock worth $400,000 after purchasing an additional 3,000 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in 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 worth $1,254,000 after purchasing an additional 25,659 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its holdings in shares of Global X Dow 30 Covered Call ETF by 20.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 18,196 shares of the company’s stock worth $383,000 after buying an additional 3,053 shares during the last quarter.

Global X Dow 30 Covered Call ETF Trading Down 0.2%

Shares of Global X Dow 30 Covered Call ETF stock traded down $0.05 during trading on Monday, hitting $21.93. The stock had a trading volume of 46,467 shares, compared to its average volume of 74,083. The firm has a market cap of $171.93 million, a price-to-earnings ratio of 21.12 and a beta of 0.47. Global X Dow 30 Covered Call ETF has a 12 month low of $20.65 and a 12 month high of $22.75. The business’s 50-day moving average is $21.42 and its 200 day moving average is $21.97.

Global X Dow 30 Covered Call ETF Company Profile

(Get Free Report)

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.

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