Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) Sees Large Decline in Short Interest

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 11,095 shares, a drop of 38.9% from the December 31st total of 18,165 shares. Based on an average daily trading volume, of 92,676 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 92,676 shares, the days-to-cover ratio is currently 0.1 days.

Nicholas Global Equity and Income ETF Price Performance

GIAX opened at $16.54 on Friday. Nicholas Global Equity and Income ETF has a fifty-two week low of $14.20 and a fifty-two week high of $19.22. The business has a 50-day moving average of $16.81 and a 200-day moving average of $17.32. The company has a market capitalization of $88.00 million, a PE ratio of 24.80 and a beta of 1.01.

Nicholas Global Equity and Income ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be issued a $0.0778 dividend. This represents a dividend yield of 2,411.0%. The ex-dividend date of this dividend is Friday, January 30th. This is an increase from Nicholas Global Equity and Income ETF’s previous dividend of $0.08.

About Nicholas Global Equity and Income ETF

The Nicholas Global Equity and Income ETF (GIAX) is an exchange-traded fund that mostly invests in total market equity. The fund invests in globally listed stocks of index-tracking ETFs while employing a daily credit call spread strategy. The actively managed fund-of-funds primarily seeks high current income and, secondarily, capital appreciation. GIAX was launched on Jul 29, 2024 and is issued by Nicholas.