Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) traded down 2.1% during mid-day trading on Monday . The stock traded as low as $196.00 and last traded at $196.54. 355,766 shares changed hands during trading, an increase of 249% from the average session volume of 101,896 shares. The stock had previously closed at $200.74.
Breakwave Tanker Shipping ETF Trading Down 0.1%
The company has a fifty day simple moving average of $162.25 and a 200-day simple moving average of $84.25. The stock has a market cap of $39.85 million, a price-to-earnings ratio of 34.79 and a beta of 0.27.
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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