U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) Sees Significant Drop in Short Interest

U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 4,452 shares, a drop of 45.0% from the May 14th total of 8,095 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 11,145 shares, the short-interest ratio is currently 0.4 days.

U.S. Global Sea to Sky Cargo ETF Stock Down 0.4%

SEA traded down $0.07 on Monday, hitting $17.50. The company’s stock had a trading volume of 11,585 shares, compared to its average volume of 18,592. The company’s 50 day simple moving average is $17.31 and its 200-day simple moving average is $16.26. The firm has a market cap of $19.25 million, a P/E ratio of 4.44 and a beta of 0.81. U.S. Global Sea to Sky Cargo ETF has a 12 month low of $13.37 and a 12 month high of $17.74.

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U.S. Global Sea to Sky Cargo ETF Company Profile

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Guggenheim Shipping ETF (the Fund) seeks investment results that correspond generally to the performance of Delta Global Shipping Index (the Index). The Index is designed to measure the performance of companies listed on global developed market exchanges and consists of companies within the maritime shipping industry. The index provider, Delta Global Indices, LLC, defines the shipping industry to include companies within the business segments of the maritime shipping industry, such as companies deriving revenue from the seaborne transport of dry bulk goods and the leasing and/or operating of tanker ships, container ships, specialty chemical ships and ships that transport liquid natural gas (LNG) or dry bulk goods.

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