SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Sees Significant Decline in Short Interest

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 6,065 shares, a decline of 61.9% from the May 31st total of 15,935 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 7,533 shares, the short-interest ratio is currently 0.8 days.

SGI Enhanced Nasdaq-100 ETF Stock Down 0.8%

Shares of SGI Enhanced Nasdaq-100 ETF stock opened at $31.58 on Friday. The company has a market cap of $86.53 million, a PE ratio of 46.85 and a beta of 1.35. SGI Enhanced Nasdaq-100 ETF has a 52 week low of $24.75 and a 52 week high of $33.25. The business has a 50 day moving average price of $31.39 and a 200-day moving average price of $29.00.

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.