SonicShares Global Shipping ETF (NYSEARCA:BOAT) Shares Up 0.9%

Shares of SonicShares Global Shipping ETF (NYSEARCA:BOATGet Free Report) rose 0.9% during trading on Wednesday . The stock traded as high as $38.48 and last traded at $38.40. Approximately 17,974 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 31,823 shares. The stock had previously closed at $38.05.

SonicShares Global Shipping ETF Stock Performance

The company has a market capitalization of $55.67 million, a price-to-earnings ratio of 2.42 and a beta of 0.54. The company has a fifty day simple moving average of $33.67 and a two-hundred day simple moving average of $31.58.

Institutional Trading of SonicShares Global Shipping ETF

An institutional investor recently bought a new position in SonicShares Global Shipping ETF stock. ICA Group Wealth Management LLC acquired a new position in shares of SonicShares Global Shipping ETF (NYSEARCA:BOATFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 840 shares of the company’s stock, valued at approximately $25,000. ICA Group Wealth Management LLC owned about 0.12% of SonicShares Global Shipping ETF as of its most recent SEC filing.

SonicShares Global Shipping ETF Company Profile

(Get Free Report)

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.

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