SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Stock Short Interest Climbs 109.2%

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 16,394 shares, a growth of 109.2% from the September 15th total of 7,836 shares. Based on an average daily volume of 6,866 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.6% of the shares of the company are short sold.

SGI Enhanced Nasdaq-100 ETF Stock Performance

Shares of QXQ traded down $0.11 during mid-day trading on Tuesday, reaching $33.07. 4,572 shares of the company’s stock traded hands, compared to its average volume of 13,934. The business’s 50-day moving average price is $32.28 and its 200-day moving average price is $31.12. The stock has a market capitalization of $86.64 million, a P/E ratio of 46.85 and a beta of 1.35. SGI Enhanced Nasdaq-100 ETF has a 12 month low of $24.75 and a 12 month high of $33.91.

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.