Shares of Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) were up 6.3% during mid-day trading on Wednesday . The stock traded as high as $794.00 and last traded at $771.5280. 117,597 shares changed hands during trading, a decline of 17% from the average session volume of 142,288 shares. The stock had previously closed at $725.98.
Breakwave Tanker Shipping ETF Stock Performance
The company has a market cap of $777.19 million, a P/E ratio of 34.79 and a beta of 0.18. The stock has a 50 day moving average price of $367.55 and a 200 day moving average price of $223.42.
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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