SGI Enhanced Global Income ETF (NASDAQ:GINX) Sees Significant Drop in Short Interest

SGI Enhanced Global Income ETF (NASDAQ:GINX) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 10,900 shares, a decline of 14.2% from the December 15th total of 12,700 shares. Based on an average daily volume of 9,500 shares, the short-interest ratio is presently 1.1 days.

SGI Enhanced Global Income ETF Stock Up 0.7 %

Shares of GINX traded up $0.19 during trading hours on Friday, hitting $26.42. The company had a trading volume of 4,701 shares, compared to its average volume of 18,600. SGI Enhanced Global Income ETF has a 52-week low of $24.22 and a 52-week high of $27.51. The firm has a market cap of $76.62 million, a P/E ratio of 13.36 and a beta of 0.82. The stock’s 50 day moving average price is $26.40 and its 200 day moving average price is $26.47.

SGI Enhanced Global Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, December 19th were issued 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.