SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 27,521 shares, a growth of 337.0% from the May 31st total of 6,298 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 23,666 shares, the short-interest ratio is presently 1.2 days.
Institutional Investors Weigh In On SonicShares Global Shipping ETF
A hedge fund recently raised its position in SonicShares Global Shipping ETF stock. JPMorgan Chase & Co. raised its stake in SonicShares Global Shipping ETF (NYSEARCA:BOAT – Free Report) by 303.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,776 shares of the company’s stock after purchasing an additional 4,345 shares during the period. JPMorgan Chase & Co. owned 0.43% of SonicShares Global Shipping ETF worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
SonicShares Global Shipping ETF Stock Performance
SonicShares Global Shipping ETF stock traded down $0.77 during mid-day trading on Friday, reaching $39.61. 33,376 shares of the company were exchanged, compared to its average volume of 36,498. The firm has a market cap of $79.22 million, a P/E ratio of 4.25 and a beta of 0.66. The business has a fifty day moving average of $41.39 and a 200 day moving average of $38.45. SonicShares Global Shipping ETF has a 12-month low of $28.30 and a 12-month high of $43.52.
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.
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