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

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 37,669 shares, a growth of 99.3% from the July 30th total of 18,901 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 71,412 shares, the days-to-cover ratio is presently 0.5 days.

Nicholas Global Equity and Income ETF Stock Down 1.3%

Shares of NYSEARCA GIAX opened at $16.02 on Friday. Nicholas Global Equity and Income ETF has a 52 week low of $13.26 and a 52 week high of $18.77. The stock has a market capitalization of $108.94 million, a price-to-earnings ratio of 24.80 and a beta of 1.41. The firm has a 50-day simple moving average of $16.12 and a 200-day simple moving average of $16.08.

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.