SGI Enhanced Core ETF (NASDAQ:USDX) Sees Significant Drop in Short Interest

SGI Enhanced Core ETF (NASDAQ:USDX) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 8,600 shares, a decrease of 48.2% from the September 30th total of 16,600 shares. Based on an average trading volume of 36,300 shares, the days-to-cover ratio is presently 0.2 days.

SGI Enhanced Core ETF Price Performance

NASDAQ USDX traded down $0.01 during trading on Monday, reaching $26.11. The company’s stock had a trading volume of 89,129 shares, compared to its average volume of 48,775. The firm has a fifty day moving average of $25.91 and a 200 day moving average of $25.61. SGI Enhanced Core ETF has a one year low of $23.92 and a one year high of $26.19.

SGI Enhanced Core ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Tuesday, October 1st were paid a $0.083 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.33 dividend on an annualized basis and a yield of 1.27%.

About SGI Enhanced Core ETF

The SGI Enhanced Core ETF (USDX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund enhanced yield by actively managing a portfolio of high-yielding, ultra-short term fixed income instruments, while also employing a put-and-call options strategy. The fund seeks to generate additional income by selling short-term options.