SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Sees Large Increase in Short Interest

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 7,534 shares, a growth of 610.1% from the July 30th total of 1,061 shares. Based on an average trading volume of 8,495 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the company’s shares are sold short.

SGI Enhanced Nasdaq-100 ETF Price Performance

NASDAQ QXQ opened at $31.59 on Wednesday. The company has a market cap of $92.56 million, a P/E ratio of 46.85 and a beta of 1.37. The stock has a 50-day moving average of $31.64 and a two-hundred day moving average of $29.79. SGI Enhanced Nasdaq-100 ETF has a 1-year low of $24.75 and a 1-year high of $33.25.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 29th. 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 dividend yield of 1.0%.

SGI Enhanced Nasdaq-100 ETF Company Profile

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.