U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) Sees Large Growth in Short Interest

U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 21,925 shares, a growth of 152.0% from the September 30th total of 8,700 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average trading volume of 22,861 shares, the short-interest ratio is presently 1.0 days.

U.S. Global Sea to Sky Cargo ETF Stock Up 0.8%

Shares of NYSEARCA:SEA traded up $0.17 during midday trading on Friday, hitting $21.73. The stock had a trading volume of 34,843 shares, compared to its average volume of 18,418. The business’s 50-day simple moving average is $20.50 and its 200-day simple moving average is $17.91. The company has a market cap of $19.56 million, a P/E ratio of 4.44 and a beta of 0.80. U.S. Global Sea to Sky Cargo ETF has a 12 month low of $14.21 and a 12 month high of $21.95.

About U.S. Global Sea to Sky Cargo ETF

Guggenheim Shipping ETF (the Fund) seeks investment results that correspond generally to the performance of Delta Global Shipping Index (the Index). The Index is designed to measure the performance of companies listed on global developed market exchanges and consists of companies within the maritime shipping industry. The index provider, Delta Global Indices, LLC, defines the shipping industry to include companies within the business segments of the maritime shipping industry, such as companies deriving revenue from the seaborne transport of dry bulk goods and the leasing and/or operating of tanker ships, container ships, specialty chemical ships and ships that transport liquid natural gas (LNG) or dry bulk goods.