SonicShares Global Shipping ETF (NYSEARCA:BOAT) Sees Large Growth in Short Interest

SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 54,593 shares, an increase of 139.3% from the August 31st total of 22,816 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 72,149 shares, the short-interest ratio is presently 0.8 days.

SonicShares Global Shipping ETF Stock Down 0.7%

SonicShares Global Shipping ETF stock traded down $0.38 during midday trading on Friday, hitting $50.92. The company’s stock had a trading volume of 31,365 shares, compared to its average volume of 40,766. SonicShares Global Shipping ETF has a 12 month low of $29.12 and a 12 month high of $53.99. The company has a market capitalization of $135.96 million, a PE ratio of 4.25 and a beta of 0.66. The stock’s 50-day moving average price is $47.77 and its 200-day moving average price is $43.29.

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.

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