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

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a large decline in short interest in March. As of March 15th, there was short interest totalling 5,000 shares, a decline of 72.5% from the February 28th total of 18,200 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On SGI Enhanced Global Income ETF

An institutional investor recently raised its position in SGI Enhanced Global Income ETF stock. Betterment LLC boosted its holdings in shares of 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. The institutional investor owned 49,380 shares of the company’s stock after acquiring 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.

SGI Enhanced Global Income ETF Stock Down 1.0 %

Shares of NASDAQ GINX traded down $0.27 during midday trading on Friday, hitting $27.18. The stock had a trading volume of 25,228 shares, compared to its average volume of 27,636. The stock has a 50 day simple moving average of $27.11 and a 200-day simple moving average of $26.75. The company has a market capitalization of $82.90 million, a PE ratio of 13.73 and a beta of 0.82. SGI Enhanced Global Income ETF has a 1 year low of $24.22 and a 1 year high of $27.81.

SGI Enhanced Global Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.1984 per share. This represents a $0.79 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, March 27th. This is a boost from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.04.

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.