SGI Enhanced Global Income ETF (NASDAQ:GINX) Sees Significant Decline in Short Interest

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 400 shares, a decline of 97.1% from the January 31st total of 13,700 shares. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is presently 0.0 days.

SGI Enhanced Global Income ETF Stock Performance

Shares of NASDAQ:GINX traded down $0.18 during trading on Thursday, hitting $27.18. The company’s stock had a trading volume of 16,253 shares, compared to its average volume of 17,772. The company has a market capitalization of $82.90 million, a PE ratio of 13.92 and a beta of 0.82. SGI Enhanced Global Income ETF has a fifty-two week low of $24.22 and a fifty-two week high of $27.54. The stock’s 50-day moving average price is $26.41 and its two-hundred day moving average price is $26.62.

SGI Enhanced Global Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, December 19th were paid a dividend of $0.5409 per share. The ex-dividend date was Thursday, December 19th.

Hedge Funds Weigh In On SGI Enhanced Global Income ETF

An institutional investor recently raised its position in SGI Enhanced Global Income ETF stock. Betterment LLC boosted its stake in SGI Enhanced Global Income ETF (NASDAQ:GINX) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,380 shares of the company’s stock after buying an additional 8,904 shares during the period. Betterment LLC owned 1.62% of SGI Enhanced Global Income ETF worth $1,272,000 as of its most recent SEC filing.

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.