SGI Enhanced Global Income ETF (NASDAQ:GINX) Short Interest Up 252.9% in November

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 30,700 shares, a growth of 252.9% from the November 15th total of 8,700 shares. Based on an average daily volume of 7,500 shares, the short-interest ratio is presently 4.1 days.

SGI Enhanced Global Income ETF Stock Performance

Shares of GINX stock traded up $0.04 during trading hours on Friday, reaching $26.93. The company had a trading volume of 4,898 shares, compared to its average volume of 18,904. The business has a fifty day moving average price of $26.86 and a 200-day moving average price of $26.47. The firm has a market cap of $71.10 million, a PE ratio of 13.36 and a beta of 0.82. SGI Enhanced Global Income ETF has a one year low of $24.22 and a one year high of $27.51.

SGI Enhanced Global Income ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, October 1st were given a dividend of $0.037 per share. This represents a $0.15 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, October 1st.

About SGI Enhanced Global Income ETF

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.