SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Shares Shorted: Short Interest Up 305.1% in October

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,479 shares, an increase of 305.1% from the September 30th total of 2,093 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,622 shares, the days-to-cover ratio is currently 3.2 days.

SGI Enhanced Market Leaders ETF Price Performance

Shares of NASDAQ:LDRX traded down $0.90 during trading on Friday, hitting $36.17. 447 shares of the company were exchanged, compared to its average volume of 8,782. The company has a market cap of $251.05 million, a PE ratio of 20.50 and a beta of 1.13. SGI Enhanced Market Leaders ETF has a 52-week low of $29.65 and a 52-week high of $37.69. The stock has a 50 day moving average of $36.88 and a 200 day moving average of $34.71.

About SGI Enhanced Market Leaders ETF

The SGI Enhanced Market Leaders ETF is an actively managed exchange-traded fund that seeks capital appreciation and current income. The fund primarily invests in large-capitalization companies listed within the Russell 1000® Index or S&P 500® Index, focusing on those considered “market leaders” based on strengthening business metrics and favorable quantitative factors. Additionally, the fund employs an options strategy, writing deep out-of-the-money put and call options with short durations (typically 1–7 days) to generate additional income.