Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Trading 0.2% Higher – Still a Buy?

Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRYGet Free Report) shot up 0.2% on Tuesday . The company traded as high as $15.45 and last traded at $15.33. Approximately 111,647 shares were traded during trading, an increase of 12% from the average daily volume of 99,597 shares. The stock had previously closed at $15.30.

Breakwave Dry Bulk Shipping ETF Stock Performance

The firm has a market capitalization of $47.52 million, a price-to-earnings ratio of 23.67 and a beta of 0.85. The business has a 50 day simple moving average of $14.20 and a 200-day simple moving average of $12.53.

About Breakwave Dry Bulk Shipping ETF

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The Breakwave Dry Bulk Shipping ETF (BDRY) is an exchange-traded fund that is based on the Breakwave Dry Freight Futures index. The fund tracks an index of long-only exposure to the nearest calendar quarter of dry bulk freight futures contracts on specified indexes. BDRY was launched on Mar 22, 2018 and is managed by Breakwave.

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