SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 20,920 shares, a drop of 87.3% from the October 15th total of 165,283 shares. Based on an average trading volume of 222,403 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the shares of the stock are short sold.
SonicShares Global Shipping ETF Trading Up 2.9%
Shares of BOAT traded up $1.34 during mid-day trading on Wednesday, hitting $47.51. 208,114 shares of the company traded hands, compared to its average volume of 63,886. The business has a 50-day moving average of $51.52 and a 200 day moving average of $43.87. The stock has a market capitalization of $142.51 million, a price-to-earnings ratio of 7.75 and a beta of 0.75. SonicShares Global Shipping ETF has a one year low of $31.25 and a one year high of $55.49.
SonicShares Global Shipping ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were given a $0.7565 dividend. The ex-dividend date was Monday, September 28th. This is a negative change from SonicShares Global Shipping ETF’s previous quarterly dividend of $1.0061. This represents a $3.03 dividend on an annualized basis and a yield of 6.4%.
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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