SonicShares Global Shipping ETF (NYSEARCA:BOAT) Stock Short Interest Rises 1,196.4%

by · The Markets Daily

SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) saw a large increase in short interest in the month of 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. Based on an average daily volume of 164,713 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.5% of the shares of the company are sold short.

SonicShares Global Shipping ETF Stock Up 1.7%

NYSEARCA:BOAT traded up $0.87 during trading hours on Monday, hitting $52.38. 111,740 shares of the stock traded hands, compared to its average volume of 52,757. SonicShares Global Shipping ETF has a 1 year low of $31.06 and a 1 year high of $55.49. The company has a market cap of $158.71 million, a price-to-earnings ratio of 4.25 and a beta of 0.67. The stock has a 50 day moving average price of $51.22 and a 200 day moving average price of $42.96.

SonicShares Global Shipping ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were issued a $0.7565 dividend. The ex-dividend date was Monday, September 28th. This represents a $3.03 dividend on an annualized basis and a yield of 5.8%. This is a decrease from SonicShares Global Shipping ETF’s previous quarterly dividend of $1.0061.

About SonicShares Global Shipping ETF

(Get Free Report)

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