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

by · The Cerbat Gem

SGI Enhanced Core ETF (NASDAQ:USDX – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 8,600 shares, a decline of 48.2% from the September 30th total of 16,600 shares. Based on an average daily volume of 36,300 shares, the short-interest ratio is currently 0.2 days.

SGI Enhanced Core ETF Stock Down 0.0 %

Shares of NASDAQ USDX traded down $0.01 during trading on Monday, reaching $26.11. 89,129 shares of the stock traded hands, compared to its average volume of 48,775. SGI Enhanced Core ETF has a 52-week low of $23.92 and a 52-week high of $26.19. The company has a 50-day moving average of $25.91 and a 200-day moving average of $25.61.

SGI Enhanced Core ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.083 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $0.33 dividend on an annualized basis and a dividend yield of 1.27%.

SGI Enhanced Core ETF Company Profile

(Get Free Report)

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.

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