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

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 2,440 shares, a drop of 87.2% from the July 30th total of 19,019 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,332 shares, the days-to-cover ratio is currently 0.5 days.

SGI Enhanced Market Leaders ETF Price Performance

Shares of LDRX stock remained flat at $36.46 during trading hours on Wednesday. The stock had a trading volume of 3,363 shares, compared to its average volume of 10,253. SGI Enhanced Market Leaders ETF has a one year low of $29.65 and a one year high of $37.14. The company has a market capitalization of $251.21 million, a PE ratio of 20.50 and a beta of 1.15. The business’s fifty day simple moving average is $35.78 and its two-hundred day simple moving average is $34.17.

SGI Enhanced Market Leaders ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%.

About SGI Enhanced Market Leaders ETF

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.