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 decline in short interest in December. As of December 31st, there was short interest totaling 18,165 shares, a decline of 80.9% from the December 15th total of 95,040 shares. Based on an average daily volume of 59,265 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 59,265 shares, the short-interest ratio is currently 0.3 days.

Nicholas Global Equity and Income ETF Stock Up 0.7%

Shares of GIAX stock traded up $0.11 during trading hours on Thursday, reaching $16.94. The company’s stock had a trading volume of 58,286 shares, compared to its average volume of 92,633. The firm’s 50 day simple moving average is $16.88 and its 200-day simple moving average is $17.39. The company has a market capitalization of $84.70 million, a price-to-earnings ratio of 24.80 and a beta of 1.01. Nicholas Global Equity and Income ETF has a fifty-two week low of $14.20 and a fifty-two week high of $19.52.

Nicholas Global Equity and Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, January 12th. Stockholders of record on Friday, January 9th were paid a $0.0778 dividend. This represents a dividend yield of 2,402.0%. The ex-dividend date was Friday, January 9th. 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.