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

SonicShares Global Shipping ETF (NYSEARCA:BOAT) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 20,920 shares, a decrease of 87.3% from the October 15th total of 165,283 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 222,403 shares, the days-to-cover ratio is currently 0.1 days.

SonicShares Global Shipping ETF Stock Performance

Shares of NYSEARCA BOAT traded up $0.29 during trading hours on Friday, hitting $48.31. 155,970 shares of the stock were exchanged, compared to its average volume of 65,537. The company’s fifty day simple moving average is $51.47 and its two-hundred day simple moving average is $44.01. The company has a market cap of $123.18 million, a PE ratio of 7.75 and a beta of 0.70. SonicShares Global Shipping ETF has a 1-year low of $31.25 and a 1-year high of $55.49.

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 given a $0.7565 dividend. 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 yield of 6.3%. The ex-dividend date was Monday, September 28th.

About SonicShares Global Shipping ETF

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.