SonicShares Global Shipping ETF (NYSEARCA:BOAT) Shares Shorted: Short Interest Up 139.3% in September

SonicShares Global Shipping ETF (NYSEARCA:BOAT) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 54,593 shares, a growth of 139.3% from the August 31st total of 22,816 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 72,149 shares, the days-to-cover ratio is currently 0.8 days.

SonicShares Global Shipping ETF Stock Down 0.8%

Shares of SonicShares Global Shipping ETF stock traded down $0.42 during mid-day trading on Monday, hitting $50.50. The stock had a trading volume of 47,430 shares, compared to its average volume of 40,802. The firm has a 50-day moving average of $47.77 and a two-hundred day moving average of $43.31. The firm has a market cap of $134.84 million, a P/E ratio of 4.25 and a beta of 0.66. SonicShares Global Shipping ETF has a 12-month low of $29.12 and a 12-month high of $53.99.

SonicShares Global Shipping ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, September 28th will be issued 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 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is 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.