Short Interest in Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) Increases By 255.3%

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 39,428 shares, a growth of 255.3% from the April 30th total of 11,098 shares. Based on an average trading volume of 86,228 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

Nicholas Global Equity and Income ETF Price Performance

GIAX stock traded up $0.08 on Friday, reaching $18.05. 84,307 shares of the company traded hands, compared to its average volume of 79,981. Nicholas Global Equity and Income ETF has a one year low of $13.26 and a one year high of $18.19. The company has a market cap of $98.01 million, a P/E ratio of 24.80 and a beta of 1.23. The firm has a fifty day simple moving average of $15.90 and a 200-day simple moving average of $16.20.

About Nicholas Global Equity and Income ETF

The Nicholas Global Equity and Income ETF (GIAX) is an exchange-traded fund that mostly invests in total market equity. The fund invests in globally listed stocks of index-tracking ETFs while employing a daily credit call spread strategy. The actively managed fund-of-funds primarily seeks high current income and, secondarily, capital appreciation. GIAX was launched on Jul 29, 2024 and is issued by Nicholas.