SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Sees Significant Increase in Short Interest

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 12,081 shares, a growth of 369.3% from the June 30th total of 2,574 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 7,907 shares, the days-to-cover ratio is presently 1.5 days.

SGI Enhanced Nasdaq-100 ETF Stock Up 0.7%

Shares of SGI Enhanced Nasdaq-100 ETF stock traded up $0.22 during trading on Monday, reaching $30.53. The company’s stock had a trading volume of 470 shares, compared to its average volume of 13,979. SGI Enhanced Nasdaq-100 ETF has a 52-week low of $24.75 and a 52-week high of $33.25. The firm’s 50-day moving average is $31.95 and its two-hundred day moving average is $29.22. The company has a market cap of $89.45 million, a price-to-earnings ratio of 46.85 and a beta of 1.34.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were given a $0.08 dividend. The ex-dividend date was Monday, June 29th. This is an increase from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. This represents a $0.32 annualized dividend and a yield of 1.0%.

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.