SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 24,879 shares, a decline of 54.6% from the July 30th total of 54,796 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average trading volume of 32,261 shares, the days-to-cover ratio is presently 0.8 days.
SonicShares Global Shipping ETF Trading Up 0.0%
NYSEARCA BOAT traded up $0.02 on Friday, hitting $48.98. 23,824 shares of the company were exchanged, compared to its average volume of 35,390. The company has a market cap of $86.69 million, a PE ratio of 4.25 and a beta of 0.65. SonicShares Global Shipping ETF has a 12 month low of $29.12 and a 12 month high of $50.51. The stock has a fifty day moving average of $43.35 and a 200-day moving average of $41.68.
Institutional Trading of SonicShares Global Shipping ETF
An institutional investor recently raised its stake in SonicShares Global Shipping ETF stock. JPMorgan Chase & Co. increased its position in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT – Free Report) by 303.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,776 shares of the company’s stock after buying an additional 4,345 shares during the quarter. JPMorgan Chase & Co. owned about 0.43% of SonicShares Global Shipping ETF worth $179,000 at the end of the most recent quarter.
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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