SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Sees Significant Increase in Short Interest

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 25,736 shares, an increase of 238.1% from the April 30th total of 7,613 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 5,709 shares, the short-interest ratio is presently 4.5 days.

SGI Enhanced Market Leaders ETF Stock Performance

NASDAQ LDRX traded up $0.09 during trading on Friday, hitting $36.40. The stock had a trading volume of 1,319 shares, compared to its average volume of 12,966. The stock has a market capitalization of $246.79 million, a price-to-earnings ratio of 20.50 and a beta of 1.13. SGI Enhanced Market Leaders ETF has a one year low of $27.68 and a one year high of $36.41. The stock has a 50 day simple moving average of $33.47 and a 200 day simple moving average of $32.96.

SGI Enhanced Market Leaders ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 30th.

SGI Enhanced Market Leaders ETF Company Profile

The SGI Enhanced Market Leaders ETF is an actively managed exchange-traded fund that seeks capital appreciation and current income. The fund primarily invests in large-capitalization companies listed within the Russell 1000® Index or S&P 500® Index, focusing on those considered “market leaders” based on strengthening business metrics and favorable quantitative factors. Additionally, the fund employs an options strategy, writing deep out-of-the-money put and call options with short durations (typically 1–7 days) to generate additional income.