SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Short Interest Up 228.8% in April

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 17,371 shares, an increase of 228.8% from the April 15th total of 5,283 shares. Based on an average daily volume of 4,662 shares, the days-to-cover ratio is currently 3.7 days. Currently, 0.6% of the company’s shares are short sold.

SGI Enhanced Nasdaq-100 ETF Stock Performance

Shares of NASDAQ:QXQ traded down $0.48 during trading on Friday, reaching $31.57. The stock had a trading volume of 8,375 shares, compared to its average volume of 16,640. SGI Enhanced Nasdaq-100 ETF has a 52 week low of $24.75 and a 52 week high of $32.99. The firm’s fifty day moving average is $27.97 and its 200 day moving average is $28.95. The stock has a market cap of $86.50 million, a price-to-earnings ratio of 46.85 and a beta of 1.30.

SGI Enhanced Nasdaq-100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 30th were given a dividend of $0.06 per share. The ex-dividend date was Monday, March 30th. This represents a $0.24 annualized dividend and a dividend yield of 0.8%.

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.