SGI Enhanced Global Income ETF (NASDAQ:GINX – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 16,710 shares, an increase of 131.1% from the July 15th total of 7,230 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,626 shares, the days-to-cover ratio is currently 1.9 days.
SGI Enhanced Global Income ETF Stock Performance
Shares of NASDAQ:GINX traded up $0.02 during midday trading on Friday, reaching $36.84. 12,492 shares of the company’s stock traded hands, compared to its average volume of 12,120. The company has a fifty day simple moving average of $35.45 and a two-hundred day simple moving average of $34.35. SGI Enhanced Global Income ETF has a 1 year low of $28.39 and a 1 year high of $36.97. The company has a market cap of $103.89 million, a P/E ratio of 13.81 and a beta of 0.45.
SGI Enhanced Global Income ETF Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 29th. This is a positive change from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.08. This represents a $0.80 annualized dividend and a yield of 2.2%.
SGI Enhanced Global Income ETF Company Profile
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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