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

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

SonicShares Global Shipping ETF Stock Performance

NYSEARCA:BOAT traded up $1.34 during mid-day trading on Wednesday, hitting $47.51. The stock had a trading volume of 208,114 shares, compared to its average volume of 63,886. SonicShares Global Shipping ETF has a twelve month low of $31.25 and a twelve month high of $55.49. The stock has a market cap of $142.51 million, a price-to-earnings ratio of 7.75 and a beta of 0.75. The company’s 50 day simple moving average is $51.52 and its 200 day simple moving average is $43.87.

SonicShares Global Shipping ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 28th were given a $0.7565 dividend. The ex-dividend date of this dividend was Monday, September 28th. 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 dividend yield of 6.4%.

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.