Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) shot up 8.5% on Thursday . The company traded as high as $370.00 and last traded at $370.00. Approximately 257,379 shares changed hands during trading, an increase of 115% from the average daily volume of 119,800 shares. The stock had previously closed at $341.14.
Breakwave Tanker Shipping ETF Stock Up 8.5%
The company’s fifty day moving average price is $222.44 and its 200-day moving average price is $149.25. The stock has a market capitalization of $51.80 million, a PE ratio of 34.79 and a beta of 0.10.
Breakwave Tanker Shipping ETF Company Profile
The Breakwave Tanker Shipping ETF (BWET) is an exchange-traded fund that is based on the Breakwave Wet Freight Futures index. The fund provides long-only exposure to the crude oil tanker shipping market by tracking an index of the near-dated wet freight futures contracts on related indexes. The portfolio has an average maturity of about 50-70 days. BWET was launched on May 3, 2023 and is managed by Breakwave.
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