Short Interest in SGI Enhanced Global Income ETF (NASDAQ:GINX) Increases By 900.0%

SGI Enhanced Global Income ETF (NASDAQ:GINXGet Free Report) saw a significant increase in short interest in the month of August. As of August 15th, there was short interest totaling 5,000 shares, anincreaseof900.0% from the July 31st total of 500 shares. Based on an average daily volume of 5,700 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 5,700 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On SGI Enhanced Global Income ETF

An institutional investor recently raised its position in SGI Enhanced Global Income ETF stock. Betterment LLC raised its holdings in shares of SGI Enhanced Global Income ETF (NASDAQ:GINXFree Report) by 9.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,243 shares of the company’s stock after purchasing an additional 4,863 shares during the period. Betterment LLC owned 1.88% of SGI Enhanced Global Income ETF worth $1,473,000 as of its most recent SEC filing.

SGI Enhanced Global Income ETF Trading Down 0.9%

GINX traded down $0.26 during trading on Tuesday, reaching $28.99. The stock had a trading volume of 5,388 shares, compared to its average volume of 13,725. The company has a market capitalization of $82.91 million, a price-to-earnings ratio of 13.81 and a beta of 0.82. The stock’s 50 day moving average is $28.55 and its two-hundred day moving average is $27.57. SGI Enhanced Global Income ETF has a one year low of $23.93 and a one year high of $29.68.

SGI Enhanced Global Income ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Thursday, June 26th were given a dividend of $0.2234 per share. This is an increase from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.89 dividend on an annualized basis and a yield of 3.1%.

SGI Enhanced Global Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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