Short Interest in SGI Enhanced Global Income ETF (NASDAQ:GINX) Increases By 131.1%

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 16,710 shares, a growth of 131.1% from the July 15th total of 7,230 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 8,626 shares, the days-to-cover ratio is presently 1.9 days.

SGI Enhanced Global Income ETF Stock Performance

NASDAQ GINX traded up $0.02 on Friday, reaching $36.84. 12,492 shares of the company’s stock traded hands, compared to its average volume of 12,120. SGI Enhanced Global Income ETF has a fifty-two week low of $28.39 and a fifty-two week high of $36.97. The firm has a market cap of $103.89 million, a price-to-earnings ratio of 13.81 and a beta of 0.45. The stock has a 50 day moving average price of $35.45 and a 200-day moving average price of $34.35.

SGI Enhanced Global Income ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 29th. This is a boost 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 yield of 2.2%.

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.