SonicShares Global Shipping ETF (NYSEARCA:BOAT) Trading Down 0% – Here’s What Happened

SonicShares Global Shipping ETF (NYSEARCA:BOAT) shares fell 0% on Monday . The company traded as low as $40.94 and last traded at $41.10. 47,284 shares were traded during trading, an increase of 2% from the average session volume of 46,519 shares. The stock had previously closed at $41.11.

SonicShares Global Shipping ETF Stock Performance

The business’s fifty day moving average is $39.23 and its two-hundred day moving average is $34.58. The company has a market cap of $82.20 million, a P/E ratio of 4.25 and a beta of 0.76.

Institutional Investors Weigh In On SonicShares Global Shipping ETF

An institutional investor recently raised its position in SonicShares Global Shipping ETF stock. JPMorgan Chase & Co. boosted its stake in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT) by 303.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,776 shares of the company’s stock after buying an additional 4,345 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.43% of SonicShares Global Shipping ETF worth $179,000 as of its most recent SEC filing.

SonicShares Global Shipping ETF Company Profile

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.