Short Interest in Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Grows By 165.1%

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 34,205 shares, an increase of 165.1% from the June 15th total of 12,902 shares. Based on an average daily trading volume, of 74,222 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in Global X Dow 30 Covered Call ETF by 13.1% in the 1st quarter. Royal Bank of Canada now owns 74,038 shares of the company’s stock valued at $1,634,000 after buying an additional 8,550 shares during the period. Jane Street Group LLC grew its stake in shares of Global X Dow 30 Covered Call ETF by 93.5% in the first 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 in the last quarter. Cetera Investment Advisers increased its position in shares of Global X Dow 30 Covered Call ETF by 66.9% during the second 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. increased its position in shares of Global X Dow 30 Covered Call ETF by 10.1% during the second 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 period. Finally, CreativeOne Wealth LLC raised its stake in shares of Global X Dow 30 Covered Call ETF by 13.4% in the third quarter. CreativeOne Wealth LLC now owns 13,250 shares of the company’s stock valued at $290,000 after acquiring an additional 1,568 shares in the last quarter.

Global X Dow 30 Covered Call ETF Trading Down 0.2%

Shares of NYSEARCA:DJIA opened at $22.24 on Tuesday. The business has a 50-day moving average price of $21.93 and a 200 day moving average price of $21.89. The company has a market capitalization of $181.70 million, a price-to-earnings ratio of 21.12 and a beta of 0.46. Global X Dow 30 Covered Call ETF has a 12-month low of $20.65 and a 12-month high of $22.75.

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.