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

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 16,394 shares, a growth of 109.2% from the September 15th total of 7,836 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 6,866 shares, the days-to-cover ratio is currently 2.4 days.

SGI Enhanced Nasdaq-100 ETF Price Performance

Shares of QXQ traded down $0.21 during trading hours on Thursday, reaching $32.17. 2,443 shares of the company’s stock traded hands, compared to its average volume of 13,856. SGI Enhanced Nasdaq-100 ETF has a twelve month low of $24.75 and a twelve month high of $33.91. The firm has a market capitalization of $84.30 million, a price-to-earnings ratio of 46.85 and a beta of 1.35. The business’s fifty day simple moving average is $32.31 and its two-hundred day simple moving average is $31.22.

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.