SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Short Interest Down 57.9% in May

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 10,835 shares, a drop of 57.9% from the May 14th total of 25,736 shares. Based on an average daily trading volume, of 4,284 shares, the short-interest ratio is currently 2.5 days. Approximately 0.2% of the shares of the company are short sold.

SGI Enhanced Market Leaders ETF Stock Performance

NASDAQ LDRX opened at $35.05 on Friday. The firm has a 50-day simple moving average of $34.38 and a 200 day simple moving average of $33.15. SGI Enhanced Market Leaders ETF has a twelve month low of $28.36 and a twelve month high of $36.56. The stock has a market cap of $237.64 million, a PE ratio of 20.50 and a beta of 1.10.

SGI Enhanced Market Leaders ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 30th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 30th.

About SGI Enhanced Market Leaders ETF

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.