SonicShares Global Shipping ETF (NYSEARCA:BOAT) Shares Up 1.3% – Here’s What Happened

SonicShares Global Shipping ETF (NYSEARCA:BOAT) rose 1.3% on Thursday . The stock traded as high as $39.64 and last traded at $39.57. Approximately 88,310 shares were traded during trading, an increase of 150% from the average daily volume of 35,261 shares. The stock had previously closed at $39.06.

SonicShares Global Shipping ETF Trading Up 1.3%

The company has a market capitalization of $55.40 million, a price-to-earnings ratio of 4.25 and a beta of 0.76. The firm’s 50 day simple moving average is $34.20 and its 200-day simple moving average is $32.60.

Institutional Investors Weigh In On SonicShares Global Shipping ETF

A hedge fund recently raised its stake in SonicShares Global Shipping ETF stock. JPMorgan Chase & Co. grew its stake in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT) by 303.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,776 shares of the company’s stock after purchasing an additional 4,345 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of SonicShares Global Shipping ETF worth $179,000 at the end of the most recent reporting period.

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.