Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Short Interest Up 202.8% in May

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 13,270 shares, an increase of 202.8% from the May 14th total of 4,382 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 72,462 shares, the short-interest ratio is currently 0.2 days.

Global X Dow 30 Covered Call ETF Price Performance

NYSEARCA:DJIA opened at $21.96 on Friday. The company has a market cap of $172.17 million, a PE ratio of 21.12 and a beta of 0.47. Global X Dow 30 Covered Call ETF has a one year low of $20.65 and a one year high of $22.75. The firm has a 50-day moving average of $21.59 and a 200-day moving average of $21.96.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DJIA. LPL Financial LLC boosted its position in shares of Global X Dow 30 Covered Call ETF by 10.1% during the fourth quarter. LPL Financial LLC now owns 648,311 shares of the company’s stock valued at $14,263,000 after buying an additional 59,246 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Global X Dow 30 Covered Call ETF during the fourth quarter valued at about $1,170,000. NewEdge Advisors LLC bought a new position in shares of Global X Dow 30 Covered Call ETF during the third quarter valued at about $731,000. XML Financial LLC lifted its position in shares of Global X Dow 30 Covered Call ETF by 100.7% during the first quarter. XML Financial LLC now owns 60,131 shares of the company’s stock valued at $1,265,000 after purchasing an additional 30,177 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Global X Dow 30 Covered Call ETF by 75.6% during the first quarter. Janney Montgomery Scott LLC now owns 59,583 shares of the company’s stock valued at $1,254,000 after purchasing an additional 25,659 shares in 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.