SGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ) Sees Significant Increase in Short Interest
by Michael Walen · The Markets DailySGI Enhanced Nasdaq-100 ETF (NASDAQ:QXQ – Get Free Report) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 12,081 shares, a growth of 369.3% from the June 30th total of 2,574 shares. Based on an average daily trading volume, of 7,907 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the company’s shares are sold short.
SGI Enhanced Nasdaq-100 ETF Stock Performance
Shares of NASDAQ QXQ traded down $0.40 during midday trading on Friday, hitting $30.28. 2,303 shares of the company traded hands, compared to its average volume of 14,076. SGI Enhanced Nasdaq-100 ETF has a 12-month low of $24.75 and a 12-month high of $33.25. The stock has a 50-day moving average price of $31.95 and a 200 day moving average price of $29.21. The firm has a market cap of $88.72 million, a P/E ratio of 46.85 and a beta of 1.34.
SGI Enhanced Nasdaq-100 ETF Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. This is a positive change from SGI Enhanced Nasdaq-100 ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, June 29th.
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.