SonicShares Global Shipping ETF (NYSEARCA:BOAT) Stock Price Up 1.3% – What’s Next?

SonicShares Global Shipping ETF (NYSEARCA:BOAT)’s stock price rose 1.3% on Tuesday . The stock traded as high as $32.94 and last traded at $32.90. Approximately 5,158 shares changed hands during trading, a decline of 79% from the average daily volume of 24,110 shares. The stock had previously closed at $32.48.

SonicShares Global Shipping ETF Trading Up 1.3 %

The company has a market cap of $47.71 million, a PE ratio of 2.42 and a beta of 0.54. The firm’s 50-day simple moving average is $33.51 and its two-hundred day simple moving average is $34.43.

Institutional Trading of SonicShares Global Shipping ETF

An institutional investor recently bought a new position in SonicShares Global Shipping ETF stock. EverSource Wealth Advisors LLC acquired a new stake in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 783 shares of the company’s stock, valued at approximately $26,000. EverSource Wealth Advisors LLC owned 0.05% of SonicShares Global Shipping ETF at the end of the most recent quarter.

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.