Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Short Interest Down 65.3% in April

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 9,368 shares, a drop of 65.3% from the April 15th total of 27,025 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 97,244 shares, the short-interest ratio is currently 0.1 days.

Global X Dow 30 Covered Call ETF Stock Performance

Shares of NYSEARCA DJIA traded up $0.15 during trading hours on Thursday, hitting $21.82. 53,985 shares of the stock were exchanged, compared to its average volume of 74,394. The company’s fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $22.00. Global X Dow 30 Covered Call ETF has a 1-year low of $20.65 and a 1-year high of $22.75. The company has a market cap of $171.07 million, a PE ratio of 21.12 and a beta of 0.47.

Hedge Funds Weigh In On Global X Dow 30 Covered Call ETF

Several hedge funds and other institutional investors have recently modified their holdings of DJIA. Royal Bank of Canada increased its stake in shares of 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 purchasing an additional 8,550 shares during the last quarter. Jane Street Group LLC increased its stake in shares of 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 valued at $747,000 after purchasing an additional 16,342 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of 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 valued at $340,000 after purchasing an additional 6,282 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Global X Dow 30 Covered Call ETF by 10.1% in the 2nd quarter. Raymond James Financial Inc. now owns 65,046 shares of the company’s stock valued at $1,410,000 after purchasing an additional 5,984 shares during the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Global X Dow 30 Covered Call ETF in the 3rd quarter valued at $269,000.

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.