Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Up 730.4% in January

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 8,595 shares, an increase of 730.4% from the December 31st total of 1,035 shares. Currently, 8.6% of the shares of the stock are sold short. Based on an average trading volume of 20,374 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 20,374 shares, the short-interest ratio is presently 0.4 days. Currently, 8.6% of the shares of the stock are sold short.

Breakwave Tanker Shipping ETF Stock Performance

NYSEARCA BWET traded up $2.11 on Thursday, reaching $34.51. The company’s stock had a trading volume of 15,496 shares, compared to its average volume of 21,868. Breakwave Tanker Shipping ETF has a twelve month low of $9.60 and a twelve month high of $34.51. The stock has a market cap of $3.45 million, a PE ratio of 34.79 and a beta of 0.70. The firm’s 50 day moving average is $24.71 and its two-hundred day moving average is $18.08.

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.