Short Interest in Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) Grows By 159.4%

Nicholas Global Equity and Income ETF (NYSEARCA:GIAX) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 28,778 shares, a growth of 159.4% from the January 15th total of 11,095 shares. Based on an average daily volume of 147,737 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 147,737 shares, the days-to-cover ratio is currently 0.2 days.

Nicholas Global Equity and Income ETF Price Performance

Shares of GIAX traded up $0.05 during mid-day trading on Friday, reaching $15.39. 45,693 shares of the company’s stock traded hands, compared to its average volume of 120,693. The stock’s 50-day moving average is $16.53 and its two-hundred day moving average is $17.15. Nicholas Global Equity and Income ETF has a 12 month low of $14.20 and a 12 month high of $19.22. The stock has a market cap of $83.11 million, a P/E ratio of 24.80 and a beta of 1.01.

Nicholas Global Equity and Income ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, February 13th will be given a dividend of $0.0778 per share. This is a positive change from Nicholas Global Equity and Income ETF’s previous dividend of $0.08. The ex-dividend date of this dividend is Friday, February 13th. This represents a yield of 2,473.0%.

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.