SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Short Interest Up 324.1% in July

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 19,019 shares, an increase of 324.1% from the July 15th total of 4,485 shares. Based on an average daily volume of 7,750 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.3% of the shares of the company are sold short.

SGI Enhanced Market Leaders ETF Stock Down 0.3%

NASDAQ LDRX traded down $0.12 during midday trading on Friday, hitting $36.92. The company had a trading volume of 6,790 shares, compared to its average volume of 10,568. The stock has a market cap of $254.38 million, a price-to-earnings ratio of 20.50 and a beta of 1.15. The firm has a fifty day simple moving average of $35.56 and a two-hundred day simple moving average of $33.97. SGI Enhanced Market Leaders ETF has a fifty-two week low of $29.65 and a fifty-two week high of $37.14.

SGI Enhanced Market Leaders ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, June 29th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%.

SGI Enhanced Market Leaders ETF Company Profile

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.