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

SGI Enhanced Global Income ETF (NASDAQ:GINX) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,565 shares, a decrease of 67.1% from the August 31st total of 10,820 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,189 shares, the days-to-cover ratio is presently 0.6 days.

SGI Enhanced Global Income ETF Stock Performance

NASDAQ:GINX traded up $0.27 during mid-day trading on Friday, hitting $36.22. The stock had a trading volume of 9,591 shares, compared to its average volume of 11,248. SGI Enhanced Global Income ETF has a twelve month low of $28.39 and a twelve month high of $37.38. The stock has a market cap of $105.04 million, a price-to-earnings ratio of 13.81 and a beta of 0.45. The company’s 50 day simple moving average is $36.54 and its 200 day simple moving average is $34.95.

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.