Short Interest in SGI Enhanced Core ETF (NASDAQ:USDX) Rises By 124.6%

SGI Enhanced Core ETF (NASDAQ:USDX) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 25,600 shares, an increase of 124.6% from the October 31st total of 11,400 shares. Based on an average daily trading volume, of 38,600 shares, the days-to-cover ratio is currently 0.7 days.

SGI Enhanced Core ETF Price Performance

Shares of NASDAQ USDX remained flat at $26.28 during trading on Friday. The stock had a trading volume of 8,253 shares, compared to its average volume of 47,502. The company has a 50 day simple moving average of $26.08 and a 200 day simple moving average of $25.76. SGI Enhanced Core ETF has a 1 year low of $23.92 and a 1 year high of $26.32.

SGI Enhanced Core ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were issued a $0.083 dividend. This represents a $0.33 annualized dividend and a yield of 1.26%. The ex-dividend date was Tuesday, October 1st.

Hedge Funds Weigh In On SGI Enhanced Core ETF

A hedge fund recently bought a new stake in SGI Enhanced Core ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of SGI Enhanced Core ETF (NASDAQ:USDX) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,230 shares of the company’s stock, valued at approximately $396,000. Flow Traders U.S. LLC owned 0.26% of SGI Enhanced Core ETF at the end of the most recent reporting period.

About SGI Enhanced Core ETF

The SGI Enhanced Core ETF (USDX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund enhanced yield by actively managing a portfolio of high-yielding, ultra-short term fixed income instruments, while also employing a put-and-call options strategy. The fund seeks to generate additional income by selling short-term options.