Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) Sees Large Increase in Short Interest

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) was the target 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 daily trading volume, of 86,228 shares, the short-interest ratio is presently 0.5 days. Currently, 0.7% of the shares of the company are sold short.

Nicholas Global Equity and Income ETF Price Performance

Shares of NYSEARCA:GIAX traded up $0.14 during trading on Friday, hitting $18.11. 58,183 shares of the company were exchanged, compared to its average volume of 79,705. Nicholas Global Equity and Income ETF has a 52-week low of $13.26 and a 52-week high of $18.19. The stock has a 50 day moving average of $15.84 and a 200 day moving average of $16.19. The company has a market cap of $98.34 million, a PE ratio of 24.80 and a beta of 1.23.

Nicholas Global Equity and Income ETF Company Profile

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.