Short Interest in SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Decreases By 57.6%

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 2,574 shares, a drop of 57.6% from the June 15th total of 6,065 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 10,562 shares, the days-to-cover ratio is currently 0.2 days.

SGI Enhanced Nasdaq-100 ETF Stock Down 1.1%

Shares of NASDAQ QXQ traded down $0.36 during trading on Wednesday, reaching $31.56. The company had a trading volume of 2,615 shares, compared to its average volume of 14,321. The stock has a market cap of $91.21 million, a P/E ratio of 46.85 and a beta of 1.34. The company’s fifty day moving average price is $32.03 and its 200-day moving average price is $29.03. SGI Enhanced Nasdaq-100 ETF has a 12 month low of $24.75 and a 12 month high of $33.25.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a dividend of $0.08 per share. This is an increase from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 29th.

About SGI Enhanced Nasdaq-100 ETF

The SGI Enhanced Nasdaq 100 ETF (QXQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a portfolio of Nasdaq-listed companies while employing a put-and-call options writing strategy. The fund seeks to generate income from selling short-term options against broad market indices QXQ was launched on Jun 14, 2024 and is issued by Summit Global Investments.