SGI Enhanced Global Income ETF (NASDAQ:GINX) Short Interest Up 105.0% in May

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 11,173 shares, an increase of 105.0% from the May 14th total of 5,450 shares. Based on an average daily volume of 6,879 shares, the short-interest ratio is currently 1.6 days. Approximately 0.4% of the company’s stock are short sold.

SGI Enhanced Global Income ETF Stock Up 0.7%

Shares of NASDAQ GINX traded up $0.25 during midday trading on Friday, reaching $35.16. 10,264 shares of the company’s stock traded hands, compared to its average volume of 13,116. The stock’s 50 day simple moving average is $34.18 and its 200-day simple moving average is $33.05. SGI Enhanced Global Income ETF has a one year low of $27.49 and a one year high of $35.64. The company has a market cap of $95.64 million, a price-to-earnings ratio of 13.81 and a beta of 0.47.

SGI Enhanced Global Income ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, March 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.9%.

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.