Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) Short Interest Up 226.0% in March

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 7,600 shares, an increase of 226.0% from the February 26th total of 2,331 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 78,867 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 78,867 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Nicholas Global Equity and Income ETF Price Performance

NYSEARCA GIAX traded up $0.20 on Wednesday, reaching $14.76. 26,669 shares of the company’s stock traded hands, compared to its average volume of 93,094. The stock has a market cap of $79.70 million, a PE 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 $18.19. The stock has a 50-day simple moving average of $15.74 and a 200 day simple moving average of $16.69.

Nicholas Global Equity and Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0778 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a dividend yield of 2,445.0%. This is an increase 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.