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

Posted by James Conley on Mar 29th, 2025

SGI Enhanced Global Income ETF (NASDAQ:GINX – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 5,000 shares, a decrease of 72.5% from the February 28th total of 18,200 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 27,000 shares, the days-to-cover ratio is currently 0.2 days.

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 grew its stake in shares of SGI Enhanced Global Income ETF (NASDAQ:GINX – Free Report) by 22.0% in the 4th quarter, according to its most recent filing 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 period. Betterment LLC owned 1.62% of SGI Enhanced Global Income ETF worth $1,272,000 as of its most recent SEC filing.

SGI Enhanced Global Income ETF Trading Down 1.0 %

Shares of NASDAQ GINX traded down $0.27 during trading on Friday, reaching $27.18. The company had a trading volume of 25,228 shares, compared to its average volume of 27,636. The stock has a market capitalization of $82.90 million, a PE ratio of 13.73 and a beta of 0.82. SGI Enhanced Global Income ETF has a twelve month low of $24.22 and a twelve month high of $27.81. The stock has a 50-day moving average price of $27.12 and a two-hundred day moving average price of $26.76.

SGI Enhanced Global Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Thursday, March 27th were given a dividend of $0.1984 per share. The ex-dividend date was Thursday, March 27th. This is an increase from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.04. This represents a $0.79 annualized dividend and a yield of 2.92%.

SGI Enhanced Global Income ETF Company Profile

(Get Free Report)

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.