SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Short Interest Down 57.9% in May

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 10,835 shares, a decrease of 57.9% from the May 14th total of 25,736 shares. Based on an average trading volume of 4,284 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.2% of the company’s stock are sold short.

SGI Enhanced Market Leaders ETF Trading Up 1.6%

NASDAQ LDRX opened at $35.05 on Friday. SGI Enhanced Market Leaders ETF has a 1-year low of $28.36 and a 1-year high of $36.56. The company has a market capitalization of $237.64 million, a PE ratio of 20.50 and a beta of 1.10. The firm’s fifty day simple moving average is $34.38 and its 200-day simple moving average is $33.15.

SGI Enhanced Market Leaders ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 30th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%.

About SGI Enhanced Market Leaders ETF

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.