Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $811.11 and last traded at $807.05, with a volume of 14873 shares traded. The stock had previously closed at $786.00.
Breakwave Tanker Shipping ETF Stock Performance
The firm has a market cap of $816.82 million, a price-to-earnings ratio of 34.79 and a beta of 0.18. The business has a fifty day moving average of $390.85 and a two-hundred day moving average of $233.68.
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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