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

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,061 shares, a drop of 91.2% from the July 15th total of 12,081 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 37,609 shares, the days-to-cover ratio is currently 0.0 days.

SGI Enhanced Nasdaq-100 ETF Price Performance

Shares of NASDAQ:QXQ traded up $0.32 during mid-day trading on Wednesday, hitting $32.24. The company had a trading volume of 12,367 shares, compared to its average volume of 15,900. SGI Enhanced Nasdaq-100 ETF has a one year low of $24.75 and a one year high of $33.25. The firm has a fifty day moving average price of $31.68 and a 200 day moving average price of $29.50. The company has a market capitalization of $94.46 million, a PE ratio of 46.85 and a beta of 1.37.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

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