Short Interest in SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Decreases By 57.6%

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 2,574 shares, a decline of 57.6% from the June 15th total of 6,065 shares. Based on an average daily volume of 10,562 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

SGI Enhanced Nasdaq-100 ETF Price Performance

Shares of QXQ traded down $0.47 during trading hours on Thursday, hitting $31.36. The stock had a trading volume of 1,484 shares, compared to its average volume of 14,255. The stock has a market capitalization of $90.63 million, a price-to-earnings ratio of 46.85 and a beta of 1.34. The company’s fifty day moving average is $32.04 and its two-hundred day moving average is $29.06. SGI Enhanced Nasdaq-100 ETF has a 52 week low of $24.75 and a 52 week high of $33.25.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a dividend of $0.08 per share. This is a positive change from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, June 29th.

About SGI Enhanced Nasdaq-100 ETF

The SGI Enhanced Nasdaq 100 ETF (QXQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a portfolio of Nasdaq-listed companies while employing a put-and-call options writing strategy. The fund seeks to generate income from selling short-term options against broad market indices QXQ was launched on Jun 14, 2024 and is issued by Summit Global Investments.