SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Sees Significant Decrease in Short Interest

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 700 shares, a drop of 75.0% from the March 31st total of 2,800 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

SGI Enhanced Nasdaq-100 ETF Trading Up 1.0 %

Shares of SGI Enhanced Nasdaq-100 ETF stock opened at $24.28 on Friday. SGI Enhanced Nasdaq-100 ETF has a 1-year low of $20.19 and a 1-year high of $29.10. The firm has a fifty day simple moving average of $24.98 and a 200-day simple moving average of $26.61. The stock has a market capitalization of $28.16 million and a price-to-earnings ratio of 27.84.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1546 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.55%. This is a boost from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, March 27th.

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.