SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Sees Large Drop in Short Interest

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 4,356 shares, a decrease of 59.8% from the May 31st total of 10,835 shares. Based on an average daily volume of 5,683 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s shares are sold short.

SGI Enhanced Market Leaders ETF Stock Performance

Shares of LDRX stock opened at $35.36 on Wednesday. The company has a market cap of $239.74 million, a P/E ratio of 20.50 and a beta of -1.08. The stock has a 50 day simple moving average of $35.18 and a two-hundred day simple moving average of $33.34. SGI Enhanced Market Leaders ETF has a fifty-two week low of $29.51 and a fifty-two week high of $36.56.

SGI Enhanced Market Leaders ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%.

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.