Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report)’s stock price fell 3.7% during mid-day trading on Tuesday . The company traded as low as $145.86 and last traded at $148.38. Approximately 107,358 shares were traded during mid-day trading, an increase of 2% from the average session volume of 105,028 shares. The stock had previously closed at $154.12.
Breakwave Tanker Shipping ETF Stock Performance
The firm’s 50 day simple moving average is $175.32 and its 200-day simple moving average is $100.21. The company has a market cap of $31.16 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.
Read More
- Five stocks we like better than Breakwave Tanker Shipping ETF
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for Breakwave Tanker Shipping ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Breakwave Tanker Shipping ETF and related companies with MarketBeat.com's FREE daily email newsletter.
