SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 165,283 shares, a growth of 1,196.4% from the September 30th total of 12,749 shares. Based on an average daily volume of 164,713 shares, the short-interest ratio is presently 1.0 days. Approximately 5.5% of the company’s shares are short sold.
SonicShares Global Shipping ETF Price Performance
BOAT stock traded up $0.87 during midday trading on Monday, hitting $52.38. The stock had a trading volume of 111,740 shares, compared to its average volume of 52,757. The business has a 50-day moving average of $51.22 and a two-hundred day moving average of $42.96. The firm has a market cap of $158.71 million, a price-to-earnings ratio of 4.25 and a beta of 0.67. SonicShares Global Shipping ETF has a 52-week low of $31.06 and a 52-week 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 dividend of $0.7565 per share. This is a negative change from SonicShares Global Shipping ETF’s previous quarterly dividend of $1.0061. The ex-dividend date of this dividend was Monday, September 28th. This represents a $3.03 annualized dividend and a yield of 5.8%.
SonicShares Global Shipping ETF Company Profile
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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