Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA) Trading 0.5% Higher – Here’s Why

Global X Dow 30 Covered Call ETF (NYSEARCA:DJIA)’s share price was up 0.5% on Monday . The stock traded as high as $22.14 and last traded at $22.07. Approximately 54,185 shares traded hands during trading, an increase of 68% from the average daily volume of 32,282 shares. The stock had previously closed at $21.97.

Global X Dow 30 Covered Call ETF Stock Performance

The stock’s fifty day moving average price is $22.64 and its 200-day moving average price is $22.95. The company has a market capitalization of $121.94 million, a P/E ratio of 23.23 and a beta of 0.52.

Institutional Investors Weigh In On Global X Dow 30 Covered Call ETF

Several hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in Global X Dow 30 Covered Call ETF during the fourth quarter worth $63,000. MJP Associates Inc. ADV acquired a new position in Global X Dow 30 Covered Call ETF in the 4th quarter valued at approximately $274,000. Advisor OS LLC acquired a new position in Global X Dow 30 Covered Call ETF during the 4th quarter worth about $274,000. Founders Financial Alliance LLC lifted its stake in shares of Global X Dow 30 Covered Call ETF by 3.7% in the fourth quarter. Founders Financial Alliance LLC now owns 12,390 shares of the company’s stock worth $278,000 after acquiring an additional 443 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in shares of Global X Dow 30 Covered Call ETF by 68.1% in the 3rd quarter. CreativeOne Wealth LLC now owns 15,452 shares of the company’s stock valued at $356,000 after purchasing an additional 6,259 shares during 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.