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

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 2,574 shares, a drop of 57.6% from the June 15th total of 6,065 shares. Based on an average daily trading volume, of 10,562 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

SGI Enhanced Nasdaq-100 ETF Trading Up 1.4%

NASDAQ:QXQ traded up $0.43 during trading hours on Tuesday, reaching $32.03. The company had a trading volume of 5,466 shares, compared to its average volume of 14,360. The firm has a market cap of $92.57 million, a price-to-earnings ratio of 46.85 and a beta of 1.34. The firm’s 50 day moving average price is $32.00 and its 200-day moving average price is $29.00. SGI Enhanced Nasdaq-100 ETF has a 52 week low of $24.75 and a 52 week high of $33.25.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. This is an increase from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06.

SGI Enhanced Nasdaq-100 ETF Company Profile

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.