SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Short Interest Update

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,081 shares, a growth of 369.3% from the June 30th total of 2,574 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 7,907 shares, the days-to-cover ratio is currently 1.5 days.

SGI Enhanced Nasdaq-100 ETF Stock Performance

SGI Enhanced Nasdaq-100 ETF stock traded down $0.40 during midday trading on Friday, reaching $30.28. The stock had a trading volume of 2,303 shares, compared to its average volume of 14,076. The stock’s 50-day simple moving average is $31.95 and its 200 day simple moving average is $29.21. SGI Enhanced Nasdaq-100 ETF has a twelve month low of $24.75 and a twelve month high of $33.25. The stock has a market capitalization of $88.72 million, a PE ratio of 46.85 and a beta of 1.34.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a $0.08 dividend. This is a positive change from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, June 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%.

About SGI Enhanced Nasdaq-100 ETF

The SGI Enhanced Nasdaq 100 ETF (QXQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a portfolio of Nasdaq-listed companies while employing a put-and-call options writing strategy. The fund seeks to generate income from selling short-term options against broad market indices QXQ was launched on Jun 14, 2024 and is issued by Summit Global Investments.