SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 27,521 shares, an increase of 337.0% from the May 31st total of 6,298 shares. Based on an average daily volume of 23,666 shares, the short-interest ratio is presently 1.2 days. Approximately 1.4% of the company’s stock are short sold.
Institutional Investors Weigh In On SonicShares Global Shipping ETF
A hedge fund recently raised its stake in SonicShares Global Shipping ETF stock. JPMorgan Chase & Co. increased its stake in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT – Free Report) by 303.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,776 shares of the company’s stock after acquiring an additional 4,345 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of SonicShares Global Shipping ETF worth $179,000 at the end of the most recent reporting period.
SonicShares Global Shipping ETF Price Performance
NYSEARCA:BOAT opened at $39.61 on Monday. The business’s 50-day moving average is $41.39 and its two-hundred day moving average is $38.49. SonicShares Global Shipping ETF has a 12 month low of $28.30 and a 12 month high of $43.52. The firm has a market capitalization of $79.22 million, a PE ratio of 4.25 and a beta of 0.66.
About SonicShares Global Shipping ETF
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.
Recommended Stories
- Five stocks we like better than SonicShares Global Shipping ETF
- Trip.com’s Selloff Raises a Bigger Question About Its Travel Recovery Story
- Winnebago Misses Estimates, But Surges 14% After Earnings
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
Receive News & Ratings for SonicShares Global Shipping ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SonicShares Global Shipping ETF and related companies with MarketBeat.com's FREE daily email newsletter.
