Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Stock Short Interest Jumps 476.0%

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 70,023 shares, an increase of 476.0% from the September 15th total of 12,157 shares. Based on an average daily volume of 62,868 shares, the short-interest ratio is currently 1.1 days. Approximately 0.8% of the shares of the stock are short sold.

Global X Dow 30 Covered Call ETF Trading Up 0.7%

Shares of NYSEARCA DJIA traded up $0.15 during trading on Friday, reaching $22.50. The company had a trading volume of 47,726 shares, compared to its average volume of 65,842. The stock has a market capitalization of $190.57 million, a PE ratio of 21.12 and a beta of 0.47. The stock has a 50-day moving average price of $22.65 and a two-hundred day moving average price of $22.09. Global X Dow 30 Covered Call ETF has a twelve month low of $20.65 and a twelve month high of $23.06.

Institutional Trading of Global X Dow 30 Covered Call ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Global X Dow 30 Covered Call ETF by 50.7% during the second quarter. Envestnet Asset Management Inc. now owns 44,954 shares of the company’s stock worth $995,000 after purchasing an additional 15,132 shares during the period. Citadel Advisors LLC bought a new position in shares of Global X Dow 30 Covered Call ETF in the 2nd quarter worth about $273,000. XML Financial LLC boosted its holdings in shares of Global X Dow 30 Covered Call ETF by 352.0% in the 2nd quarter. XML Financial LLC now owns 271,811 shares of the company’s stock valued at $6,018,000 after buying an additional 211,680 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Global X Dow 30 Covered Call ETF by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 41,355 shares of the company’s stock valued at $870,000 after buying an additional 3,780 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Global X Dow 30 Covered Call ETF during the 1st quarter valued at about $111,000.

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.