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

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 7,600 shares, a growth of 226.0% from the February 26th total of 2,331 shares. Based on an average trading volume of 78,867 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Nicholas Global Equity and Income ETF Price Performance

Nicholas Global Equity and Income ETF stock traded down $0.24 during trading hours on Friday, hitting $13.85. The company had a trading volume of 43,574 shares, compared to its average volume of 91,725. Nicholas Global Equity and Income ETF has a fifty-two week low of $13.78 and a fifty-two week high of $18.19. The firm has a market capitalization of $74.79 million, a P/E ratio of 24.80 and a beta of 1.01. The firm’s fifty day moving average is $15.64 and its 200-day moving average is $16.66.

Nicholas Global Equity and Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0778 dividend. This represents a dividend yield of 2,445.0%. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Nicholas Global Equity and Income ETF’s previous dividend of $0.08.

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.