Short Interest in SGI Enhanced Core ETF (NASDAQ:USDX) Drops By 78.9%

SGI Enhanced Core ETF (NASDAQ:USDX) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 4,800 shares, a drop of 78.9% from the November 30th total of 22,800 shares. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is currently 0.1 days.

SGI Enhanced Core ETF Price Performance

USDX traded up $0.03 on Friday, reaching $26.40. The stock had a trading volume of 34,712 shares, compared to its average volume of 47,028. SGI Enhanced Core ETF has a fifty-two week low of $23.92 and a fifty-two week high of $26.44. The firm has a 50-day moving average of $26.23 and a 200-day moving average of $25.89.

SGI Enhanced Core ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.083 per share. The ex-dividend date was Tuesday, October 1st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.26%.

Institutional Trading of SGI Enhanced Core ETF

A hedge fund recently bought a new stake in SGI Enhanced Core ETF stock. Flow Traders U.S. LLC bought a new position in shares of SGI Enhanced Core ETF (NASDAQ:USDX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,230 shares of the company’s stock, valued at approximately $396,000. Flow Traders U.S. LLC owned about 0.26% of SGI Enhanced Core ETF as of its most recent SEC filing.

About SGI Enhanced Core ETF

The SGI Enhanced Core ETF (USDX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund enhanced yield by actively managing a portfolio of high-yielding, ultra-short term fixed income instruments, while also employing a put-and-call options strategy. The fund seeks to generate additional income by selling short-term options.