Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report)’s stock price dropped 17.2% on Wednesday. The company traded as low as $666.01 and last traded at $691.60. Approximately 159,389 shares were traded during mid-day trading, an increase of 14% from the average session volume of 139,650 shares. The stock had previously closed at $835.00.
Breakwave Tanker Shipping ETF Trading Up 1.0%
The firm has a market cap of $128.53 million, a P/E ratio of 34.79 and a beta of -0.16. The company’s 50 day simple moving average is $781.81 and its 200-day simple moving average is $319.25.
About Breakwave Tanker Shipping ETF
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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