Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Down 46.5% in April

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 49,425 shares, a drop of 46.5% from the April 15th total of 92,318 shares. Based on an average daily trading volume, of 68,527 shares, the short-interest ratio is currently 0.7 days. Approximately 23.5% of the company’s stock are sold short.

Breakwave Tanker Shipping ETF Stock Up 0.7%

Breakwave Tanker Shipping ETF stock traded up $1.21 during midday trading on Friday, reaching $180.23. The company’s stock had a trading volume of 65,938 shares, compared to its average volume of 86,888. Breakwave Tanker Shipping ETF has a fifty-two week low of $9.60 and a fifty-two week high of $216.50. The company has a market cap of $37.85 million, a P/E ratio of 34.79 and a beta of 0.36. The business has a 50-day simple moving average of $126.93 and a 200-day simple moving average of $63.83.

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.