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

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 7,613 shares, a drop of 59.3% from the April 15th total of 18,699 shares. Based on an average trading volume of 4,180 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.1% of the shares of the stock are sold short.

SGI Enhanced Market Leaders ETF Stock Performance

SGI Enhanced Market Leaders ETF stock opened at $35.63 on Friday. The company’s fifty day moving average price is $32.64 and its 200 day moving average price is $32.77. The stock has a market capitalization of $241.57 million, a P/E ratio of 20.50 and a beta of 1.09. SGI Enhanced Market Leaders ETF has a 1 year low of $27.39 and a 1 year high of $36.24.

SGI Enhanced Market Leaders ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 30th were issued a $0.04 dividend. The ex-dividend date 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.