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

SGI Enhanced Core ETF (NASDAQ:USDX) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 11,600 shares, a decrease of 56.6% from the January 31st total of 26,700 shares. Based on an average daily volume of 119,200 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On SGI Enhanced Core ETF

A hedge fund recently bought a new stake in SGI Enhanced Core ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of SGI Enhanced Core ETF (NASDAQ:USDX) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 reporting period.

SGI Enhanced Core ETF Price Performance

Shares of USDX traded up $0.01 during midday trading on Friday, reaching $25.64. The stock had a trading volume of 72,286 shares, compared to its average volume of 162,682. The company’s 50-day moving average is $25.70 and its 200 day moving average is $25.92. SGI Enhanced Core ETF has a 12-month low of $23.92 and a 12-month high of $26.44.

SGI Enhanced Core ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 26th were issued a $0.0937 dividend. The ex-dividend date was Wednesday, February 26th.

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.