SGI Enhanced Global Income ETF (NASDAQ:GINX) Sees Significant Growth in Short Interest

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 23,600 shares, an increase of 263.1% from the July 31st total of 6,500 shares. Based on an average trading volume of 10,800 shares, the short-interest ratio is currently 2.2 days.

SGI Enhanced Global Income ETF Stock Performance

NASDAQ GINX traded up $0.08 during trading hours on Thursday, hitting $26.62. 4,063 shares of the company were exchanged, compared to its average volume of 25,608. The company’s 50 day simple moving average is $26.22. SGI Enhanced Global Income ETF has a 52-week low of $24.22 and a 52-week high of $27.06. The firm has a market capitalization of $66.55 million, a price-to-earnings ratio of 13.36 and a beta of 0.82.

SGI Enhanced Global Income ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, July 1st were issued a dividend of $0.1879 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Monday, July 1st.

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.