SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Short Interest Update

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 25,736 shares, a growth of 238.1% from the April 30th total of 7,613 shares. Based on an average daily trading volume, of 5,709 shares, the days-to-cover ratio is presently 4.5 days. Currently, 0.4% of the company’s stock are sold short.

SGI Enhanced Market Leaders ETF Trading Up 0.2%

Shares of LDRX traded up $0.09 during midday trading on Friday, reaching $36.40. 1,319 shares of the stock were exchanged, compared to its average volume of 12,966. SGI Enhanced Market Leaders ETF has a 52 week low of $27.68 and a 52 week high of $36.41. The company’s 50 day moving average is $33.47 and its two-hundred day moving average is $32.96. The company has a market capitalization of $246.79 million, a P/E ratio of 20.50 and a beta of 1.13.

SGI Enhanced Market Leaders ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 30th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%.

About SGI Enhanced Market Leaders ETF

The SGI Enhanced Market Leaders ETF is an actively managed exchange-traded fund that seeks capital appreciation and current income. The fund primarily invests in large-capitalization companies listed within the Russell 1000® Index or S&P 500® Index, focusing on those considered “market leaders” based on strengthening business metrics and favorable quantitative factors. Additionally, the fund employs an options strategy, writing deep out-of-the-money put and call options with short durations (typically 1–7 days) to generate additional income.