Short Interest in SGI Enhanced Global Income ETF (NASDAQ:GINX) Grows By 131.1%

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 16,710 shares, an increase of 131.1% from the July 15th total of 7,230 shares. Based on an average trading volume of 8,626 shares, the short-interest ratio is currently 1.9 days. Currently, 0.6% of the shares of the stock are short sold.

SGI Enhanced Global Income ETF Stock Performance

Shares of NASDAQ GINX traded up $0.04 during trading hours on Friday, hitting $36.86. 14,170 shares of the stock were exchanged, compared to its average volume of 12,132. The company’s fifty day simple moving average is $35.49 and its two-hundred day simple moving average is $34.36. The company has a market cap of $103.95 million, a PE ratio of 13.81 and a beta of 0.45. SGI Enhanced Global Income ETF has a 1-year low of $28.39 and a 1-year high of $36.97.

SGI Enhanced Global Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 29th. This is a boost from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.08. This represents a $0.80 annualized dividend and a yield of 2.2%.

About SGI Enhanced Global Income ETF

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.