SGI Enhanced Global Income ETF (NASDAQ:GINX) Sees Significant Growth in Short Interest

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 16,700 shares, an increase of 2,285.7% from the September 30th total of 700 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 2.4 days.

SGI Enhanced Global Income ETF Price Performance

NASDAQ GINX traded up $0.12 during mid-day trading on Friday, reaching $26.81. 1,353 shares of the stock were exchanged, compared to its average volume of 20,964. The stock has a market cap of $70.24 million, a P/E ratio of 13.36 and a beta of 0.82. SGI Enhanced Global Income ETF has a one year low of $24.22 and a one year high of $27.43. The stock has a 50 day simple moving average of $26.73 and a 200-day simple moving average of $26.17.

SGI Enhanced Global Income ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were given a $0.037 dividend. This represents a $0.15 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 1st.

About SGI Enhanced Global Income ETF

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.