Short Interest in SGI Enhanced Global Income ETF (NASDAQ:GINX) Drops By 97.1%

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 400 shares, a drop of 97.1% from the January 31st total of 13,700 shares. Based on an average daily volume of 15,500 shares, the days-to-cover ratio is presently 0.0 days.

SGI Enhanced Global Income ETF Stock Performance

Shares of GINX stock traded up $0.05 during mid-day trading on Friday, hitting $27.23. 255 shares of the stock were exchanged, compared to its average volume of 17,322. The stock’s fifty day simple moving average is $26.44 and its two-hundred day simple moving average is $26.62. The stock has a market capitalization of $83.05 million, a price-to-earnings ratio of 13.92 and a beta of 0.82. SGI Enhanced Global Income ETF has a 12-month low of $24.22 and a 12-month high of $27.54.

SGI Enhanced Global Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 19th were issued a dividend of $0.5409 per share. The ex-dividend date was Thursday, December 19th.

Hedge Funds Weigh In On SGI Enhanced Global Income ETF

An institutional investor recently raised its position in SGI Enhanced Global Income ETF stock. Betterment LLC increased its stake in shares of SGI Enhanced Global Income ETF (NASDAQ:GINX) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,380 shares of the company’s stock after buying an additional 8,904 shares during the quarter. Betterment LLC owned about 1.62% of SGI Enhanced Global Income ETF worth $1,272,000 at the end of the most recent quarter.

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.