Short Interest in Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Expands By 67.7%
by Kim Johansen · The Markets DailyGlobal X Dow 30 Covered Call ETF (NYSEARCA:DJIA – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 121,361 shares, a growth of 67.7% from the July 15th total of 72,384 shares. Based on an average daily volume of 60,732 shares, the short-interest ratio is presently 2.0 days. Approximately 1.5% of the shares of the company are short sold.
Institutional Investors Weigh In On Global X Dow 30 Covered Call ETF
Several hedge funds have recently modified their holdings of DJIA. Simplex Trading LLC raised its stake in 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 valued at $32,000 after purchasing an additional 1,103 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Global X Dow 30 Covered Call ETF during the fourth quarter valued at about $37,000. Fifth Third Bancorp acquired a new position in shares of Global X Dow 30 Covered Call ETF during the first quarter valued at about $111,000. Rockefeller Capital Management L.P. bought a new stake in shares of Global X Dow 30 Covered Call ETF in the fourth quarter valued at about $114,000. Finally, National Bank of Canada FI lifted 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 buying an additional 457 shares during the period.
Global X Dow 30 Covered Call ETF Trading Up 0.4%
NYSEARCA:DJIA traded up $0.08 during mid-day trading on Monday, hitting $22.89. 61,529 shares of the company’s stock traded hands, compared to its average volume of 69,354. The firm has a market capitalization of $188.61 million, a price-to-earnings ratio of 21.12 and a beta of 0.46. The firm has a 50 day moving average of $22.29 and a two-hundred day moving average of $21.94. Global X Dow 30 Covered Call ETF has a 12 month low of $20.65 and a 12 month high of $22.90.
About Global X Dow 30 Covered Call ETF
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.