SGI Enhanced Global Income ETF (NASDAQ:GINX) Short Interest Update

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,000 shares, a growth of 122.2% from the May 15th total of 900 shares. Based on an average daily volume of 15,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

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 grew its holdings in SGI Enhanced Global Income ETF (NASDAQ:GINX) by 22.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,380 shares of the company’s stock after acquiring an additional 8,904 shares during the period. 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 0.8%

SGI Enhanced Global Income ETF stock traded down $0.23 during trading on Friday, hitting $27.91. The company had a trading volume of 13,716 shares, compared to its average volume of 17,531. SGI Enhanced Global Income ETF has a 1-year low of $23.93 and a 1-year high of $28.19. The company’s 50 day simple moving average is $26.91 and its 200-day simple moving average is $26.78. The stock has a market cap of $80.38 million, a price-to-earnings ratio of 13.04 and a beta of 0.82.

SGI Enhanced Global Income ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 27th were paid a $0.1984 dividend. This is an increase from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.79 annualized dividend and a dividend yield of 2.84%.

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.