SGI Enhanced Global Income ETF (NASDAQ:GINX) Short Interest Up 1,956.0% in June

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,099 shares, an increase of 1,956.0% from the June 15th total of 248 shares. Based on an average trading volume of 9,049 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

SGI Enhanced Global Income ETF Trading Up 0.6%

Shares of NASDAQ:GINX traded up $0.22 during trading on Friday, hitting $35.31. 5,233 shares of the stock were exchanged, compared to its average volume of 12,447. The company has a market cap of $98.87 million, a PE ratio of 13.81 and a beta of 0.46. The company has a fifty day moving average price of $34.70 and a two-hundred day moving average price of $33.64. SGI Enhanced Global Income ETF has a 12-month low of $27.62 and a 12-month high of $35.71.

SGI Enhanced Global Income ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $0.20 per share. This is a boost from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.08. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 29th.

SGI Enhanced Global Income ETF Company Profile

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.