Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Trading 2.5% Higher – Still a Buy?

Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRYGet Free Report) traded up 2.5% on Tuesday . The company traded as high as $15.15 and last traded at $15.06. Approximately 75,096 shares traded hands during trading, a decline of 25% from the average daily volume of 99,623 shares. The stock had previously closed at $14.69.

Breakwave Dry Bulk Shipping ETF Stock Performance

The company has a market cap of $32.96 million, a price-to-earnings ratio of 23.67 and a beta of 0.84. The company has a fifty day moving average of $13.03 and a two-hundred day moving average of $12.07.

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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