Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Shares Down 1.2%

Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY)’s share price dropped 1.2% during trading on Tuesday . The company traded as low as $13.36 and last traded at $13.40. Approximately 84,146 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 238,425 shares. The stock had previously closed at $13.56.

Breakwave Dry Bulk Shipping ETF Price Performance

The business has a fifty day simple moving average of $14.10 and a 200 day simple moving average of $10.29.

Institutional Investors Weigh In On Breakwave Dry Bulk Shipping ETF

A hedge fund recently bought a new stake in Breakwave Dry Bulk Shipping ETF stock. JPMorgan Chase & Co. purchased a new position in shares of Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,674 shares of the company’s stock, valued at approximately $328,000. JPMorgan Chase & Co. owned about 1.03% of Breakwave Dry Bulk Shipping ETF as of its most recent SEC filing.

About Breakwave Dry Bulk Shipping ETF

The Breakwave Dry Bulk Shipping ETF (BDRY) is an exchange-traded fund that is based on the Breakwave Dry Freight Futures index. The fund tracks an index of long-only exposure to the nearest calendar quarter of dry bulk freight futures contracts on specified indexes. BDRY was launched on Mar 22, 2018 and is managed by Breakwave.