SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Sees Large Increase in Short Interest

SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 7,534 shares, an increase of 610.1% from the July 30th total of 1,061 shares. Based on an average trading volume of 8,495 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are sold short.

SGI Enhanced Nasdaq-100 ETF Trading Up 0.9%

QXQ traded up $0.30 during trading on Thursday, hitting $31.91. 1,652 shares of the company’s stock traded hands, compared to its average volume of 15,305. The stock has a market capitalization of $93.50 million, a price-to-earnings ratio of 46.85 and a beta of 1.37. The company’s 50 day simple moving average is $31.63 and its two-hundred day simple moving average is $29.83. SGI Enhanced Nasdaq-100 ETF has a 12-month low of $24.75 and a 12-month high of $33.25.

SGI Enhanced Nasdaq-100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 29th. This is an increase from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%.

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.