SGI Enhanced Global Income ETF (NASDAQ:GINX) Sees Large Growth in Short Interest

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 7,323 shares, an increase of 105.4% from the September 15th total of 3,565 shares. Based on an average daily volume of 8,549 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the shares of the company are short sold.

SGI Enhanced Global Income ETF Stock Performance

Shares of GINX opened at $35.60 on Wednesday. SGI Enhanced Global Income ETF has a 52-week low of $29.06 and a 52-week high of $37.38. The stock’s 50-day simple moving average is $36.44 and its 200 day simple moving average is $35.22. The stock has a market capitalization of $103.95 million, a price-to-earnings ratio of 13.81 and a beta of 0.47.

About SGI Enhanced Global Income ETF

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.