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

SGI Enhanced Core ETF (NASDAQ:USDX) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 16,800 shares, an increase of 250.0% from the December 31st total of 4,800 shares. Based on an average daily volume of 52,200 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On 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 stake in shares of SGI Enhanced Core ETF (NASDAQ:USDX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,230 shares of the company’s stock, valued at approximately $396,000. Flow Traders U.S. LLC owned 0.26% of SGI Enhanced Core ETF at the end of the most recent reporting period.

SGI Enhanced Core ETF Stock Performance

Shares of SGI Enhanced Core ETF stock remained flat at $25.59 on Friday. 1,028 shares of the stock traded hands, compared to its average volume of 189,916. SGI Enhanced Core ETF has a 1 year low of $23.92 and a 1 year high of $26.44. The firm has a 50 day moving average of $25.98 and a 200-day moving average of $25.91.

SGI Enhanced Core ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 30th. Shareholders of record on Wednesday, January 29th were issued a $0.095 dividend. The ex-dividend date was Wednesday, January 29th.

About SGI Enhanced Core ETF

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.