SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report)’s stock price shot up 0.1% during trading on Monday . The company traded as high as $53.99 and last traded at $53.25. Approximately 76,741 shares traded hands during trading, an increase of 96% from the average session volume of 39,151 shares. The stock had previously closed at $53.21.
SonicShares Global Shipping ETF Stock Down 1.8%
The stock has a market cap of $121.36 million, a PE ratio of 4.25 and a beta of 0.66. The business’s 50-day simple moving average is $47.20 and its 200-day simple moving average is $43.09.
SonicShares Global Shipping ETF Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 29th were issued a dividend of $1.0061 per share. The ex-dividend date was Monday, June 29th. This represents a $4.02 dividend on an annualized basis and a yield of 7.9%. This is a boost from SonicShares Global Shipping ETF’s previous quarterly dividend of $0.43.
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.
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