SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report)’s share price dropped 1.3% during trading on Friday . The company traded as low as $27.27 and last traded at $27.56. Approximately 38,805 shares changed hands during mid-day trading, an increase of 107% from the average daily volume of 18,782 shares. The stock had previously closed at $27.92.
SonicShares Global Shipping ETF Stock Performance
The firm has a market cap of $39.96 million, a P/E ratio of 2.42 and a beta of 0.54. The stock has a fifty day simple moving average of $30.06 and a 200 day simple moving average of $32.38.
About SonicShares Global Shipping ETF
The SonicShares Global Shipping ETF (BOAT) is an exchange-traded fund that is based on the Solactive Global Shipping index, a modified market-cap-weighted index of globally-listed companies engaged in maritime shipping. BOAT was launched on Aug 3, 2021 and is managed by SonicShares.
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