Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 121,361 shares, an increase of 67.7% from the July 15th total of 72,384 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 60,732 shares, the short-interest ratio is currently 2.0 days.
Global X Dow 30 Covered Call ETF Price Performance
Shares of DJIA stock traded up $0.08 during trading on Monday, reaching $22.89. The company had a trading volume of 61,529 shares, compared to its average volume of 69,354. The firm’s 50 day simple moving average is $22.29 and its two-hundred day simple moving average is $21.94. Global X Dow 30 Covered Call ETF has a one year low of $20.65 and a one year high of $22.90. The company has a market capitalization of $188.61 million, a PE ratio of 21.12 and a beta of 0.46.
Hedge Funds Weigh In On Global X Dow 30 Covered Call ETF
A number of institutional investors have recently modified their holdings of DJIA. Royal Bank of Canada boosted its holdings 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. Jane Street Group LLC raised its holdings in Global X Dow 30 Covered Call ETF by 93.5% in the 1st quarter. Jane Street Group LLC now owns 33,826 shares of the company’s stock worth $747,000 after acquiring an additional 16,342 shares during the period. Cetera Investment Advisers raised its holdings in Global X Dow 30 Covered Call ETF by 66.9% in the 2nd quarter. Cetera Investment Advisers now owns 15,679 shares of the company’s stock worth $340,000 after acquiring an additional 6,282 shares during the period. Raymond James Financial Inc. lifted its position in Global X Dow 30 Covered Call ETF by 10.1% during the 2nd quarter. Raymond James Financial Inc. now owns 65,046 shares of the company’s stock worth $1,410,000 after acquiring an additional 5,984 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its position in 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.
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