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

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 39,428 shares, an increase of 255.3% from the April 30th total of 11,098 shares. Based on an average trading volume of 86,228 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the shares of the stock are short sold.

Nicholas Global Equity and Income ETF Stock Performance

Nicholas Global Equity and Income ETF stock traded up $0.14 during trading hours on Friday, reaching $18.11. 58,183 shares of the company’s stock traded hands, compared to its average volume of 79,705. Nicholas Global Equity and Income ETF has a fifty-two week low of $13.26 and a fifty-two week high of $18.19. The firm has a market capitalization of $98.34 million, a price-to-earnings ratio of 24.80 and a beta of 1.23. The firm’s 50 day moving average is $15.84 and its 200-day moving average is $16.19.

Nicholas Global Equity and Income ETF Company Profile

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.