SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Sees Large Drop in Short Interest

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,440 shares, a decrease of 87.2% from the July 30th total of 19,019 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,332 shares, the short-interest ratio is presently 0.5 days.

SGI Enhanced Market Leaders ETF Trading Up 1.0%

LDRX traded up $0.36 on Thursday, hitting $36.74. 20,133 shares of the company’s stock traded hands, compared to its average volume of 10,279. The company’s 50 day simple moving average is $35.83 and its 200-day simple moving average is $34.23. The firm has a market cap of $253.14 million, a price-to-earnings ratio of 20.50 and a beta of 1.15. SGI Enhanced Market Leaders ETF has a one year low of $29.65 and a one year high of $37.14.

SGI Enhanced Market Leaders ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 29th.

SGI Enhanced Market Leaders ETF Company Profile

The SGI Enhanced Market Leaders ETF is an actively managed exchange-traded fund that seeks capital appreciation and current income. The fund primarily invests in large-capitalization companies listed within the Russell 1000® Index or S&P 500® Index, focusing on those considered “market leaders” based on strengthening business metrics and favorable quantitative factors. Additionally, the fund employs an options strategy, writing deep out-of-the-money put and call options with short durations (typically 1–7 days) to generate additional income.