SGI Enhanced Global Income ETF (NASDAQ:GINX – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,099 shares, a growth of 1,956.0% from the June 15th total of 248 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,049 shares, the days-to-cover ratio is presently 0.6 days.
SGI Enhanced Global Income ETF Price Performance
GINX stock traded up $0.22 during trading on Friday, hitting $35.31. The stock had a trading volume of 5,233 shares, compared to its average volume of 12,447. SGI Enhanced Global Income ETF has a twelve month low of $27.62 and a twelve month high of $35.71. The company’s 50-day moving average price is $34.70 and its two-hundred day moving average price is $33.64. The stock has a market capitalization of $98.87 million, a P/E ratio of 13.81 and a beta of 0.46.
SGI Enhanced Global Income ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. This is a boost from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 29th.
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.
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