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

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 28,778 shares, an increase of 159.4% from the January 15th total of 11,095 shares. Based on an average daily volume of 147,737 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 147,737 shares, the short-interest ratio is presently 0.2 days.

Nicholas Global Equity and Income ETF Stock Performance

NYSEARCA:GIAX traded down $0.22 during mid-day trading on Thursday, hitting $15.49. 29,581 shares of the company’s stock traded hands, compared to its average volume of 122,281. The company has a fifty day moving average of $16.61 and a 200 day moving average of $17.18. Nicholas Global Equity and Income ETF has a twelve month low of $14.20 and a twelve month high of $19.22. The company has a market capitalization of $83.65 million, a P/E ratio of 24.80 and a beta of 1.01.

Nicholas Global Equity and Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 9th. Stockholders of record on Friday, February 6th were issued a dividend of $0.0778 per share. This represents a dividend yield of 2,488.0%. This is an increase from Nicholas Global Equity and Income ETF’s previous dividend of $0.08. The ex-dividend date was Friday, February 6th.

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.