Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Update

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 17,938 shares, a growth of 141.6% from the February 12th total of 7,425 shares. Based on an average trading volume of 77,311 shares, the days-to-cover ratio is presently 0.2 days. Approximately 12.0% of the company’s shares are sold short. Approximately 12.0% of the company’s shares are sold short. Based on an average trading volume of 77,311 shares, the days-to-cover ratio is presently 0.2 days.

Breakwave Tanker Shipping ETF Stock Down 5.2%

Shares of NYSEARCA:BWET opened at $59.56 on Friday. The company’s fifty day moving average is $42.19 and its two-hundred day moving average is $26.54. Breakwave Tanker Shipping ETF has a 12-month low of $9.60 and a 12-month high of $75.50. The company has a market cap of $8.93 million, a P/E ratio of 34.79 and a beta of 0.70.

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.