SonicShares Global Shipping ETF (NYSEARCA:BOAT) Sees Large Increase in Short Interest

SonicShares Global Shipping ETF (NYSEARCA:BOAT) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 54,593 shares, an increase of 139.3% from the August 31st total of 22,816 shares. Approximately 2.3% of the company’s stock are sold short. Based on an average daily trading volume, of 72,149 shares, the short-interest ratio is presently 0.8 days.

SonicShares Global Shipping ETF Stock Down 0.8%

Shares of NYSEARCA:BOAT opened at $50.50 on Tuesday. SonicShares Global Shipping ETF has a twelve month low of $29.12 and a twelve month high of $53.99. The stock’s 50 day moving average is $47.94 and its 200-day moving average is $43.37. The firm has a market capitalization of $134.84 million, a price-to-earnings ratio of 4.25 and a beta of 0.66.

SonicShares Global Shipping ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th will be paid a dividend of $0.7565 per share. This represents a $3.03 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Monday, September 28th. This is a decrease 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.