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) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 13,270 shares, a growth of 202.8% from the May 14th total of 4,382 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 72,462 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PMG Family Office LLC bought a new position in shares of Global X Dow 30 Covered Call ETF in the 3rd quarter worth about $560,000. Fifth Third Bancorp acquired a new stake in shares of Global X Dow 30 Covered Call ETF during the 1st quarter worth approximately $111,000. Private Advisor Group LLC grew its position in shares of Global X Dow 30 Covered Call ETF by 18.8% during the 1st quarter. Private Advisor Group LLC now owns 19,000 shares of the company’s stock worth $400,000 after buying an additional 3,000 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Global X Dow 30 Covered Call ETF by 75.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,583 shares of the company’s stock worth $1,254,000 after buying an additional 25,659 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in shares of Global X Dow 30 Covered Call ETF by 20.2% during 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 period.

Global X Dow 30 Covered Call ETF Trading Up 0.5%

DJIA stock opened at $21.96 on Friday. The stock has a 50-day moving average price of $21.59 and a 200-day moving average price of $21.96. Global X Dow 30 Covered Call ETF has a 1-year low of $20.65 and a 1-year high of $22.75. The firm has a market cap of $172.17 million, a PE ratio of 21.12 and a beta of 0.47.

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.