SGI Enhanced Global Income ETF (NASDAQ:GINX) Short Interest Up 4,450.0% in February

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a significant increase in short interest during the month of 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. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 22,800 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

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

SGI Enhanced Global Income ETF Stock Performance

NASDAQ GINX traded down $0.07 during trading hours on Wednesday, hitting $27.04. The company had a trading volume of 209 shares, compared to its average volume of 25,770. The business has a 50 day moving average of $26.70 and a 200-day moving average of $26.67. The company has a market cap of $82.47 million, a PE ratio of 13.75 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 $27.70.

SGI Enhanced Global Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Thursday, December 19th were given a $0.5409 dividend. The ex-dividend date was Thursday, December 19th.

SGI Enhanced Global Income ETF Company Profile

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.