U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) Sees Large Growth in Short Interest

U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 3,347 shares, an increase of 65.0% from the July 30th total of 2,029 shares. Based on an average daily volume of 5,702 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are short sold.

U.S. Global Sea to Sky Cargo ETF Price Performance

SEA traded down $0.19 during trading on Tuesday, reaching $19.51. The company had a trading volume of 3,639 shares, compared to its average volume of 17,004. U.S. Global Sea to Sky Cargo ETF has a 12 month low of $13.37 and a 12 month high of $20.39. The business’s fifty day moving average price is $18.16 and its 200 day moving average price is $17.43. The company has a market cap of $16.58 million, a P/E ratio of 4.44 and a beta of 0.80.

U.S. Global Sea to Sky Cargo ETF Company Profile

Guggenheim Shipping ETF (the Fund) seeks investment results that correspond generally to the performance of Delta Global Shipping Index (the Index). The Index is designed to measure the performance of companies listed on global developed market exchanges and consists of companies within the maritime shipping industry. The index provider, Delta Global Indices, LLC, defines the shipping industry to include companies within the business segments of the maritime shipping industry, such as companies deriving revenue from the seaborne transport of dry bulk goods and the leasing and/or operating of tanker ships, container ships, specialty chemical ships and ships that transport liquid natural gas (LNG) or dry bulk goods.