Short Interest in SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Expands By 324.1%

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 19,019 shares, an increase of 324.1% from the July 15th total of 4,485 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 7,750 shares, the short-interest ratio is currently 2.5 days.

SGI Enhanced Market Leaders ETF Stock Performance

Shares of LDRX stock opened at $36.92 on Friday. The stock’s 50 day simple moving average is $35.60 and its 200 day simple moving average is $33.99. SGI Enhanced Market Leaders ETF has a twelve month low of $29.65 and a twelve month high of $37.14. The company has a market capitalization of $254.38 million, a price-to-earnings ratio of 20.50 and a beta of 1.15.

SGI Enhanced Market Leaders ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, June 29th.

SGI Enhanced Market Leaders ETF Company Profile

The SGI Enhanced Market Leaders ETF is an actively managed exchange-traded fund that seeks capital appreciation and current income. The fund primarily invests in large-capitalization companies listed within the Russell 1000® Index or S&P 500® Index, focusing on those considered “market leaders” based on strengthening business metrics and favorable quantitative factors. Additionally, the fund employs an options strategy, writing deep out-of-the-money put and call options with short durations (typically 1–7 days) to generate additional income.