Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) shares dropped 3.7% during mid-day trading on Tuesday . The company traded as low as $145.86 and last traded at $148.38. 107,358 shares were traded during mid-day trading, an increase of 2% from the average session volume of 105,028 shares. The stock had previously closed at $154.12.
Breakwave Tanker Shipping ETF Stock Up 14.5%
The business’s fifty day simple moving average is $176.21 and its two-hundred day simple moving average is $102.11. The company has a market cap of $20.47 million, a price-to-earnings ratio of 34.79 and a beta of 0.35.
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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