Short Interest in Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) Drops By 38.9%

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 11,095 shares, a drop of 38.9% from the December 31st total of 18,165 shares. Based on an average daily trading volume, of 92,676 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 92,676 shares, the days-to-cover ratio is currently 0.1 days.

Nicholas Global Equity and Income ETF Stock Down 1.3%

GIAX stock opened at $16.54 on Friday. The company has a market cap of $88.00 million, a price-to-earnings ratio of 24.80 and a beta of 1.01. Nicholas Global Equity and Income ETF has a 12-month low of $14.20 and a 12-month high of $19.22. The company has a 50 day moving average of $16.81 and a two-hundred day moving average of $17.32.

Nicholas Global Equity and Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be given a $0.0778 dividend. This represents a yield of 2,411.0%. The ex-dividend date is Friday, January 30th. This is a positive change from Nicholas Global Equity and Income ETF’s previous dividend of $0.08.

Nicholas Global Equity and Income ETF Company Profile

The Nicholas Global Equity and Income ETF (GIAX) is an exchange-traded fund that mostly invests in total market equity. The fund invests in globally listed stocks of index-tracking ETFs while employing a daily credit call spread strategy. The actively managed fund-of-funds primarily seeks high current income and, secondarily, capital appreciation. GIAX was launched on Jul 29, 2024 and is issued by Nicholas.