SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Sees Significant Increase in Short Interest

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 17,371 shares, a growth of 228.8% from the April 15th total of 5,283 shares. Based on an average trading volume of 4,662 shares, the days-to-cover ratio is currently 3.7 days. Approximately 0.6% of the company’s shares are sold short.

SGI Enhanced Nasdaq-100 ETF Stock Up 0.8%

NASDAQ QXQ traded up $0.26 during trading hours on Thursday, hitting $32.05. 7,675 shares of the company were exchanged, compared to its average volume of 16,730. The stock has a 50-day moving average price of $27.88 and a 200 day moving average price of $28.93. SGI Enhanced Nasdaq-100 ETF has a 52 week low of $24.75 and a 52 week high of $32.99. The stock has a market cap of $87.82 million, a PE ratio of 46.85 and a beta of 1.30.

SGI Enhanced Nasdaq-100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 30th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, March 30th.

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.