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

SonicShares Global Shipping ETF (NYSEARCA:BOAT) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 12,749 shares, a decrease of 76.6% from the September 15th total of 54,593 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 96,202 shares, the short-interest ratio is presently 0.1 days.

SonicShares Global Shipping ETF Stock Up 1.5%

Shares of NYSEARCA:BOAT traded up $0.81 during mid-day trading on Monday, reaching $54.27. 212,205 shares of the stock were exchanged, compared to its average volume of 44,905. The company has a market cap of $137.32 million, a P/E ratio of 4.25 and a beta of 0.67. SonicShares Global Shipping ETF has a one year low of $29.32 and a one year high of $54.70. The stock’s 50 day simple moving average is $49.53 and its 200-day simple moving average is $44.16.

SonicShares Global Shipping ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, September 28th were paid a $0.7565 dividend. This represents a $3.03 annualized dividend and a yield of 5.6%. 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.

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.