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

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 18,200 shares, an increase of 4,450.0% from the February 13th total of 400 shares. Based on an average trading volume of 22,800 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

SGI Enhanced Global Income ETF Stock Performance

GINX stock opened at $27.11 on Thursday. The stock has a 50-day moving average price of $26.70 and a 200-day moving average price of $26.67. SGI Enhanced Global Income ETF has a 1-year low of $24.22 and a 1-year high of $27.70. The firm has a market cap of $82.69 million, a PE ratio of 13.75 and a beta of 0.82.

SGI Enhanced Global Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, December 19th were given a $0.5409 dividend. The ex-dividend date of this dividend was Thursday, December 19th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SGI Enhanced Global Income ETF stock. Betterment LLC increased its position in SGI Enhanced Global Income ETF (NASDAQ:GINX) by 22.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,380 shares of the company’s stock after buying an additional 8,904 shares during the period. Betterment LLC owned 1.62% of SGI Enhanced Global Income ETF worth $1,272,000 at the end of the most recent reporting period.

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.