SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Short Interest Update

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 12,081 shares, a growth of 369.3% from the June 30th total of 2,574 shares. Based on an average trading volume of 7,907 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the company’s stock are short sold.

SGI Enhanced Nasdaq-100 ETF Stock Down 1.3%

Shares of NASDAQ QXQ traded down $0.40 on Friday, reaching $30.28. 2,303 shares of the company’s stock traded hands, compared to its average volume of 14,076. SGI Enhanced Nasdaq-100 ETF has a 12 month low of $24.75 and a 12 month high of $33.25. The business’s 50 day simple moving average is $31.95 and its two-hundred day simple moving average is $29.21. The company has a market cap of $88.72 million, a price-to-earnings ratio of 46.85 and a beta of 1.34.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were given a dividend of $0.08 per share. This is a boost from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%.

About SGI Enhanced Nasdaq-100 ETF

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.