SGI Enhanced Global Income ETF (NASDAQ:GINX) Sees Significant Growth in Short Interest

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 11,173 shares, an increase of 105.0% from the May 14th total of 5,450 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 6,879 shares, the days-to-cover ratio is currently 1.6 days.

SGI Enhanced Global Income ETF Stock Up 0.7%

GINX traded up $0.25 during trading on Friday, hitting $35.16. 10,264 shares of the company traded hands, compared to its average volume of 13,116. The firm has a market cap of $95.64 million, a P/E ratio of 13.81 and a beta of 0.47. The stock’s fifty day moving average is $34.18 and its 200 day moving average is $33.07. SGI Enhanced Global Income ETF has a one year low of $27.49 and a one year high of $35.64.

SGI Enhanced Global Income ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 30th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, March 30th.

About SGI Enhanced Global Income ETF

The SGI Global Enhanced Income ETF (GINX) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a portfolio of global companies while employing a put-and-call options strategy. The fund seeks to generate income from dividends and selling short-term options. GINX was launched on Feb 29, 2024 and is issued by Summit Global Investments.