Short Interest in SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) Declines By 57.9%

SGI Enhanced Market Leaders ETF (NASDAQ:LDRX) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 4,485 shares, a drop of 57.9% from the June 30th total of 10,648 shares. Based on an average daily trading volume, of 5,430 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

SGI Enhanced Market Leaders ETF Price Performance

Shares of LDRX stock traded down $0.16 during midday trading on Wednesday, reaching $34.94. 5,229 shares of the company traded hands, compared to its average volume of 10,809. The firm’s 50 day simple moving average is $35.50 and its two-hundred day simple moving average is $33.68. The firm has a market cap of $240.74 million, a PE ratio of 20.50 and a beta of 1.16. SGI Enhanced Market Leaders ETF has a 1-year low of $29.51 and a 1-year high of $36.56.

SGI Enhanced Market Leaders ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $0.16 annualized dividend and a 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.