SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Short Interest Down 61.9% in June

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

SGI Enhanced Nasdaq-100 ETF Trading Up 0.6%

Shares of QXQ traded up $0.20 during midday trading on Monday, reaching $31.78. 1,099 shares of the stock were exchanged, compared to its average volume of 14,764. The company has a market capitalization of $87.08 million, a P/E 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 company’s 50 day moving average is $31.39 and its two-hundred day moving average is $28.98.

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.