Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report)’s share price fell 2.1% during mid-day trading on Wednesday . The company traded as low as $238.01 and last traded at $238.01. Approximately 261,521 shares were traded during mid-day trading, an increase of 137% from the average session volume of 110,312 shares. The stock had previously closed at $243.01.
Breakwave Tanker Shipping ETF Stock Down 3.0%
The firm has a market capitalization of $33.63 million, a price-to-earnings ratio of 34.79 and a beta of 0.35. The stock has a 50 day moving average of $191.64 and a 200 day moving average of $122.65.
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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