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

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the target of a large increase in short interest in 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. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 9,049 shares, the days-to-cover ratio is currently 0.6 days.

SGI Enhanced Global Income ETF Price Performance

NASDAQ GINX traded up $0.22 on Friday, hitting $35.31. 5,233 shares of the stock were exchanged, compared to its average volume of 12,447. SGI Enhanced Global Income ETF has a 52-week low of $27.62 and a 52-week high of $35.71. The company has a market capitalization of $98.87 million, a price-to-earnings ratio of 13.81 and a beta of 0.46. The company’s 50-day moving average price is $34.70 and its two-hundred day moving average price is $33.64.

SGI Enhanced Global Income ETF Increases Dividend

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