SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Shares Shorted: Short Interest Up 109.2% in September

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 16,394 shares, an increase of 109.2% from the September 15th total of 7,836 shares. Based on an average daily volume of 6,866 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.6% of the shares of the company are sold short.

SGI Enhanced Nasdaq-100 ETF Trading Down 2.0%

QXQ stock traded down $0.68 during trading on Wednesday, reaching $32.40. 10,269 shares of the stock were exchanged, compared to its average volume of 13,915. SGI Enhanced Nasdaq-100 ETF has a twelve month low of $24.75 and a twelve month high of $33.91. The company has a market capitalization of $84.87 million, a P/E ratio of 46.85 and a beta of 1.35. The stock has a 50 day simple moving average of $32.30 and a 200-day simple moving average of $31.17.

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.