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

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 2,800 shares, an increase of 250.0% from the September 15th total of 800 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SGI Enhanced Global Income ETF stock. Betterment LLC boosted its position in shares of SGI Enhanced Global Income ETF (NASDAQ:GINX) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,243 shares of the company’s stock after buying an additional 4,863 shares during the quarter. Betterment LLC owned 1.88% of SGI Enhanced Global Income ETF worth $1,473,000 at the end of the most recent quarter.

SGI Enhanced Global Income ETF Stock Performance

NASDAQ:GINX opened at $29.29 on Monday. SGI Enhanced Global Income ETF has a 1 year low of $23.93 and a 1 year high of $30.03. The stock has a market cap of $83.18 million, a price-to-earnings ratio of 13.81 and a beta of 0.82. The business has a fifty day moving average of $29.30 and a 200-day moving average of $28.05.

SGI Enhanced Global Income ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, September 26th were paid a dividend of $0.85 per share. This is an increase from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.22. This represents a $3.40 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend was Friday, September 26th.

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.