SGI Enhanced Global Income ETF (NASDAQ:GINX) Sees Large Increase in Short Interest

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 4,186 shares, a growth of 162.0% from the April 15th total of 1,598 shares. Based on an average daily volume of 6,747 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

SGI Enhanced Global Income ETF Price Performance

GINX opened at $33.86 on Friday. SGI Enhanced Global Income ETF has a one year low of $27.30 and a one year high of $34.90. The company’s 50 day simple moving average is $33.35 and its 200-day simple moving average is $32.38. The stock has a market capitalization of $92.10 million, a P/E ratio of 13.81 and a beta of 0.48.

SGI Enhanced Global Income ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 30th.

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.