SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Trading Up 0.1% – Should You Buy?

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ)’s share price was up 0.1% during trading on Friday . The company traded as high as $27.22 and last traded at $27.17. Approximately 6,702 shares changed hands during trading, a decline of 66% from the average daily volume of 19,878 shares. The stock had previously closed at $27.13.

SGI Enhanced Nasdaq-100 ETF Trading Up 0.1%

The stock’s 50 day moving average price is $26.72 and its 200 day moving average price is $29.18. The company has a market capitalization of $73.90 million, a price-to-earnings ratio of 46.85 and a beta of 1.18.

SGI Enhanced Nasdaq-100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, March 30th.

SGI Enhanced Nasdaq-100 ETF Company Profile

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.