SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Short Interest Update

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 6,065 shares, a decline of 61.9% from the May 31st total of 15,935 shares. Based on an average daily volume of 7,533 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

SGI Enhanced Nasdaq-100 ETF Stock Performance

Shares of NASDAQ QXQ traded up $0.61 during midday trading on Tuesday, reaching $32.74. 20,166 shares of the stock were exchanged, compared to its average volume of 14,852. The stock has a market capitalization of $89.71 million, a P/E ratio of 46.85 and a beta of 1.35. The company has a 50 day simple moving average of $31.46 and a 200 day simple moving average of $28.98. SGI Enhanced Nasdaq-100 ETF has a twelve month low of $24.75 and a twelve month high of $33.25.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.0%. This is a positive change from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Monday, June 29th.

SGI Enhanced Nasdaq-100 ETF Company Profile

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.