SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Stock Short Interest Climbs 155.6%

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 8,886 shares, a growth of 155.6% from the August 31st total of 3,476 shares. Based on an average daily trading volume, of 2,597 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.1% of the shares of the company are sold short.

SGI Enhanced Market Leaders ETF Price Performance

Shares of LDRX traded up $0.21 during mid-day trading on Friday, hitting $37.33. The stock had a trading volume of 9,429 shares, compared to its average volume of 9,530. SGI Enhanced Market Leaders ETF has a 52 week low of $29.65 and a 52 week high of $37.46. The business has a fifty day moving average price of $36.43 and a 200-day moving average price of $34.88. The firm has a market cap of $264.67 million, a P/E ratio of 20.50 and a beta of 1.15.

SGI Enhanced Market Leaders ETF Company Profile

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.