Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) shot up 9.3% during trading on Thursday . The stock traded as high as $502.41 and last traded at $496.41. Approximately 138,904 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 138,025 shares. The stock had previously closed at $454.00.
Breakwave Tanker Shipping ETF Trading Up 1.8%
The company’s 50 day simple moving average is $300.13 and its 200-day simple moving average is $193.01. The firm has a market cap of $70.72 million, a P/E ratio of 34.79 and a beta of 0.18.
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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