SonicShares Global Shipping ETF (BOAT) Short Interest Ratio & Short Volume

Short interest is the volume of SonicShares Global Shipping ETF shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 37,900 shares of BOAT short. Learn More on SonicShares Global Shipping ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. BOAT shares currently have a short interest ratio of 3.0. Learn More on SonicShares Global Shipping ETF's short interest ratio.

SonicShares Global Shipping ETF saw a increase in short interest in April. As of April 30th, there was short interest totaling 37,900 shares, an increase of 25.9% from the previous total of 30,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to SonicShares Global Shipping ETF: Direxion Daily Industrials Bull 3X Shares (0.47%), First Trust Nasdaq Transportation ETF (0.09%), ProShares Ultra Industrials (1.09%), Direxion Daily Transportation Bull 3X Shares (0.94%), Gabelli Commercial Aerospace & Defense ETF (0.09%), ProShares UltraShort Industrials (0.10%), Invesco S&P SmallCap Industrials ETF (0.23%), First Trust Indxx Aerospace & Defense ETF (0.10%), DJ Brookfield Global Infrastructure ETF (0.27%), SPDR S&P Transportation ETF (0.98%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Spotify Technology S.A. ($4.67 billion), Charter Communications, Inc. ($4.58 billion), Capital One Financial Co. ($4.47 billion), The Kroger Co. ($2.56 billion), Reddit, Inc. ($2.23 billion), Rivian Automotive, Inc. ($2.16 billion), Live Nation Entertainment, Inc. ($1.90 billion), SoFi Technologies, Inc. ($1.85 billion), Zscaler, Inc. ($1.75 billion), and Omnicom Group Inc. ($1.75 billion). View all of the most shorted stocks.

Short selling BOAT is an investing strategy that aims to generate trading profit from SonicShares Global Shipping ETF as its price is falling. BOAT shares are trading up $0.20 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for SonicShares Global Shipping ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of BOAT, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including BOAT, twice per month. The most recent reporting period available is April, 30 2025.