SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 165,283 shares, an increase of 1,196.4% from the September 30th total of 12,749 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average trading volume of 164,713 shares, the short-interest ratio is presently 1.0 days.
SonicShares Global Shipping ETF Stock Performance
Shares of SonicShares Global Shipping ETF stock traded up $0.31 during trading hours on Wednesday, reaching $52.43. 61,854 shares of the company were exchanged, compared to its average volume of 54,260. The firm has a market cap of $158.86 million, a PE ratio of 4.25 and a beta of 0.67. SonicShares Global Shipping ETF has a 1 year low of $31.21 and a 1 year high of $55.49. The stock’s fifty day moving average is $51.31 and its 200 day moving average is $43.05.
SonicShares Global Shipping ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were paid a dividend of $0.7565 per share. This represents a $3.03 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Monday, September 28th. This is a negative change from SonicShares Global Shipping ETF’s previous quarterly dividend of $1.0061.
SonicShares Global Shipping ETF Company Profile
The SonicShares Global Shipping ETF (BOAT) is an exchange-traded fund that is based on the Solactive Global Shipping index, a modified market-cap-weighted index of globally-listed companies engaged in maritime shipping. BOAT was launched on Aug 3, 2021 and is managed by SonicShares.
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