SGI Enhanced Global Income ETF (NASDAQ:GINX) Stock Short Interest Drops 67.1%

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,565 shares, a drop of 67.1% from the August 31st total of 10,820 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 6,189 shares, the days-to-cover ratio is currently 0.6 days.

SGI Enhanced Global Income ETF Stock Performance

Shares of SGI Enhanced Global Income ETF stock traded down $0.20 on Tuesday, hitting $35.72. 11,895 shares of the company traded hands, compared to its average volume of 11,212. The stock has a market capitalization of $103.57 million, a P/E ratio of 13.81 and a beta of 0.45. SGI Enhanced Global Income ETF has a 52 week low of $28.83 and a 52 week high of $37.38. The business has a 50-day simple moving average of $36.55 and a 200 day simple moving average of $34.99.

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.