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

SonicShares Global Shipping ETF (NYSEARCA:BOAT) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 12,749 shares, a decrease of 76.6% from the September 15th total of 54,593 shares. Based on an average trading volume of 96,202 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.5% of the company’s stock are short sold.

SonicShares Global Shipping ETF Stock Performance

Shares of SonicShares Global Shipping ETF stock opened at $53.46 on Friday. The firm has a 50-day simple moving average of $49.53 and a two-hundred day simple moving average of $44.13. The company has a market cap of $135.25 million, a P/E ratio of 4.25 and a beta of 0.67. SonicShares Global Shipping ETF has a fifty-two week low of $29.12 and a fifty-two week high of $53.99.

SonicShares Global Shipping ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, September 28th were given a dividend of $0.7565 per share. The ex-dividend date was Monday, September 28th. This is a decrease from SonicShares Global Shipping ETF’s previous quarterly dividend of $1.0061. This represents a $3.03 annualized dividend and a yield of 5.7%.

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.