SonicShares Global Shipping ETF (NYSEARCA:BOAT) Stock Price Up 1.4%

SonicShares Global Shipping ETF (NYSEARCA:BOAT) traded up 1.4% during trading on Monday . The company traded as high as $31.09 and last traded at $31.03. 15,292 shares changed hands during trading, a decline of 56% from the average session volume of 34,467 shares. The stock had previously closed at $30.60.

SonicShares Global Shipping ETF Stock Performance

The firm has a market cap of $44.99 million, a price-to-earnings ratio of 2.28 and a beta of 0.61. The business’s 50 day moving average price is $30.72 and its 200-day moving average price is $29.86.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SonicShares Global Shipping ETF stock. ICA Group Wealth Management LLC bought a new position in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 840 shares of the company’s stock, valued at approximately $25,000. ICA Group Wealth Management LLC owned 0.12% of SonicShares Global Shipping ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

About SonicShares Global Shipping ETF

The SonicShares Global Shipping ETF (BOAT) is an exchange-traded fund that is based on the Solactive Global Shipping index, a modified market-cap-weighted index of globally-listed companies engaged in maritime shipping. BOAT was launched on Aug 3, 2021 and is managed by SonicShares.