Shares of Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) dropped 2.1% during mid-day trading on Monday . The company traded as low as $196.00 and last traded at $196.54. Approximately 355,766 shares changed hands during trading, an increase of 249% from the average daily volume of 101,896 shares. The stock had previously closed at $200.74.
Breakwave Tanker Shipping ETF Stock Performance
The stock has a market capitalization of $41.27 million, a P/E ratio of 34.79 and a beta of 0.27. The stock’s fifty day simple moving average is $159.48 and its two-hundred day simple moving average is $81.90.
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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