Short Interest in SGI Enhanced Global Income ETF (NASDAQ:GINX) Increases By 162.0%

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,186 shares, an increase of 162.0% from the April 15th total of 1,598 shares. Based on an average daily volume of 6,747 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

SGI Enhanced Global Income ETF Stock Performance

Shares of GINX opened at $34.29 on Friday. The business’s 50-day moving average is $33.35 and its two-hundred day moving average is $32.37. The company has a market capitalization of $93.27 million, a P/E ratio of 13.81 and a beta of 0.48. SGI Enhanced Global Income ETF has a fifty-two week low of $26.96 and a fifty-two week high of $34.90.

SGI Enhanced Global Income ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 30th.

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.