SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Short Interest Up 228.8% in April

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 17,371 shares, a growth of 228.8% from the April 15th total of 5,283 shares. Based on an average daily trading volume, of 4,662 shares, the short-interest ratio is presently 3.7 days. Approximately 0.6% of the shares of the company are short sold.

SGI Enhanced Nasdaq-100 ETF Stock Performance

Shares of NASDAQ:QXQ traded down $0.48 on Friday, hitting $31.57. The stock had a trading volume of 8,375 shares, compared to its average volume of 16,640. SGI Enhanced Nasdaq-100 ETF has a twelve month low of $24.75 and a twelve month high of $32.99. The firm’s 50 day moving average price is $27.97 and its 200-day moving average price is $28.95. The company has a market capitalization of $86.50 million, a price-to-earnings ratio of 46.85 and a beta of 1.30.

SGI Enhanced Nasdaq-100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, March 30th.

SGI Enhanced Nasdaq-100 ETF Company Profile

The SGI Enhanced Nasdaq 100 ETF (QXQ) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages a portfolio of Nasdaq-listed companies while employing a put-and-call options writing strategy. The fund seeks to generate income from selling short-term options against broad market indices QXQ was launched on Jun 14, 2024 and is issued by Summit Global Investments.