SGI Enhanced Global Income ETF (NASDAQ:GINX) Shares Up 0.2% – Time to Buy?

SGI Enhanced Global Income ETF (NASDAQ:GINX) shares rose 0.2% during mid-day trading on Tuesday . The company traded as high as $30.61 and last traded at $30.58. Approximately 9,313 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 13,810 shares. The stock had previously closed at $30.52.

SGI Enhanced Global Income ETF Trading Up 0.2%

The company has a market capitalization of $83.48 million, a P/E ratio of 13.81 and a beta of 0.49. The company has a 50 day moving average price of $29.71 and a 200 day moving average price of $28.89.

SGI Enhanced Global Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, September 26th were issued a $0.85 dividend. This is an increase from SGI Enhanced Global Income ETF’s previous quarterly dividend of $0.22. This represents a $3.40 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Friday, September 26th.

Institutional Trading of SGI Enhanced Global Income ETF

An institutional investor recently raised its position in SGI Enhanced Global Income ETF stock. Betterment LLC increased its stake in shares of SGI Enhanced Global Income ETF (NASDAQ:GINX) by 9.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 54,243 shares of the company’s stock after buying an additional 4,863 shares during the period. Betterment LLC owned 1.88% of SGI Enhanced Global Income ETF worth $1,473,000 as of its most recent filing with the SEC.

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.