SonicShares Global Shipping ETF (NYSEARCA:BOAT) Stock Short Interest Report for October

SonicShares Global Shipping ETF (NYSEARCA:BOAT) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 165,283 shares, an increase of 1,196.4% from the September 30th total of 12,749 shares. Currently, 5.5% of the shares of the company are sold short. Based on an average daily volume of 164,713 shares, the days-to-cover ratio is presently 1.0 days.

SonicShares Global Shipping ETF Price Performance

Shares of SonicShares Global Shipping ETF stock opened at $52.38 on Tuesday. The company has a market cap of $158.71 million, a PE ratio of 4.25 and a beta of 0.67. The firm has a fifty day moving average price of $51.22 and a two-hundred day moving average price of $42.96. SonicShares Global Shipping ETF has a fifty-two week low of $31.06 and a fifty-two week high of $55.49.

SonicShares Global Shipping ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were paid a $0.7565 dividend. The ex-dividend date was Monday, September 28th. This is a drop from SonicShares Global Shipping ETF’s previous quarterly dividend of $1.0061. This represents a $3.03 annualized dividend and a dividend 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.