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 significant growth in short interest in February. As of February 28th, there was short interest totalling 18,200 shares, a growth 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. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of SGI Enhanced Global Income ETF

A hedge fund recently raised its stake in SGI Enhanced Global Income ETF stock. Betterment LLC boosted its stake in SGI Enhanced Global Income ETF (NASDAQ:GINX) by 22.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.

SGI Enhanced Global Income ETF Price Performance

GINX stock opened at $27.11 on Thursday. 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 fifty day moving average price of $26.70 and a two-hundred day moving average price of $26.67. The firm has a market cap of $82.69 million, a price-to-earnings ratio of 13.75 and a beta of 0.82.

SGI Enhanced Global Income ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 19th were paid a dividend of $0.5409 per share. The ex-dividend date was Thursday, December 19th.

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.