U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.18 and traded as high as $16.67. U.S. Global Sea to Sky Cargo ETF shares last traded at $16.37, with a volume of 12,081 shares trading hands.

U.S. Global Sea to Sky Cargo ETF Trading Down 1.4%

The firm has a market capitalization of $12.28 million, a P/E ratio of 4.44 and a beta of 0.93. The business’s 50 day simple moving average is $16.18 and its two-hundred day simple moving average is $15.20.

Institutional Investors Weigh In On U.S. Global Sea to Sky Cargo ETF

A hedge fund recently bought a new stake in U.S. Global Sea to Sky Cargo ETF stock. CoreCap Advisors LLC acquired a new position in U.S. Global Sea to Sky Cargo ETF (NYSEARCA:SEA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,559 shares of the exchange traded fund’s stock, valued at approximately $193,000. CoreCap Advisors LLC owned about 2.26% of U.S. Global Sea to Sky Cargo ETF as of its most recent SEC filing.

About U.S. Global Sea to Sky Cargo ETF

Guggenheim Shipping ETF (the Fund) seeks investment results that correspond generally to the performance of Delta Global Shipping Index (the Index). The Index is designed to measure the performance of companies listed on global developed market exchanges and consists of companies within the maritime shipping industry. The index provider, Delta Global Indices, LLC, defines the shipping industry to include companies within the business segments of the maritime shipping industry, such as companies deriving revenue from the seaborne transport of dry bulk goods and the leasing and/or operating of tanker ships, container ships, specialty chemical ships and ships that transport liquid natural gas (LNG) or dry bulk goods.