Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) fell 2.1% during mid-day trading on Wednesday . The stock traded as low as $238.01 and last traded at $238.01. Approximately 261,521 shares traded hands during mid-day trading, an increase of 137% from the average daily volume of 110,312 shares. The stock had previously closed at $243.01.
Breakwave Tanker Shipping ETF Stock Down 2.1%
The stock has a market cap of $30.94 million, a P/E ratio of 34.79 and a beta of 0.35. The company’s 50 day moving average price is $190.27 and its 200-day moving average price is $121.03.
About Breakwave Tanker Shipping ETF
The Breakwave Tanker Shipping ETF (BWET) is an exchange-traded fund that is based on the Breakwave Wet Freight Futures index. The fund provides long-only exposure to the crude oil tanker shipping market by tracking an index of the near-dated wet freight futures contracts on related indexes. The portfolio has an average maturity of about 50-70 days. BWET was launched on May 3, 2023 and is managed by Breakwave.
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