SGI Enhanced Core ETF (NASDAQ:USDX) Sees Significant Growth in Short Interest

SGI Enhanced Core ETF (NASDAQ:USDX) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 25,600 shares, an increase of 124.6% from the October 31st total of 11,400 shares. Based on an average daily volume of 38,600 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of SGI Enhanced Core ETF

An institutional investor recently bought a new position in SGI Enhanced Core ETF stock. Flow Traders U.S. LLC purchased a new position in SGI Enhanced Core ETF (NASDAQ:USDX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,230 shares of the company’s stock, valued at approximately $396,000. Flow Traders U.S. LLC owned about 0.26% of SGI Enhanced Core ETF at the end of the most recent quarter.

SGI Enhanced Core ETF Price Performance

Shares of SGI Enhanced Core ETF stock remained flat at $26.28 during trading on Friday. 8,253 shares of the stock were exchanged, compared to its average volume of 47,502. The stock has a fifty day moving average price of $26.09 and a 200-day moving average price of $25.76. SGI Enhanced Core ETF has a fifty-two week low of $23.92 and a fifty-two week high of $26.32.

SGI Enhanced Core ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were given a dividend of $0.083 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, October 1st.

SGI Enhanced Core ETF Company Profile

The SGI Enhanced Core ETF (USDX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund enhanced yield by actively managing a portfolio of high-yielding, ultra-short term fixed income instruments, while also employing a put-and-call options strategy. The fund seeks to generate additional income by selling short-term options.