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

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 18,200 shares, a growth of 4,450.0% from the February 13th total of 400 shares. Based on an average daily volume of 22,800 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Investors Weigh In On SGI Enhanced Global Income ETF

A hedge fund recently raised its stake in SGI Enhanced Global Income ETF stock. Betterment LLC lifted its stake in SGI Enhanced Global Income ETF (NASDAQ:GINX) by 22.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

SGI Enhanced Global Income ETF Trading Down 0.3 %

GINX stock traded down $0.07 on Wednesday, hitting $27.04. The company had a trading volume of 209 shares, compared to its average volume of 25,770. SGI Enhanced Global Income ETF has a 12-month low of $24.22 and a 12-month high of $27.70. The stock has a market cap of $82.47 million, a price-to-earnings ratio of 13.75 and a beta of 0.82. The stock’s 50-day simple moving average is $26.70 and its 200 day simple moving average is $26.67.

SGI Enhanced Global Income ETF Announces Dividend

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

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.