Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 34,498 shares, a decrease of 49.8% from the September 15th total of 68,719 shares. Based on an average trading volume of 192,167 shares, the days-to-cover ratio is presently 0.2 days. Approximately 14.4% of the shares of the company are sold short.
Breakwave Tanker Shipping ETF Price Performance
NYSEARCA BWET traded down $89.82 on Thursday, hitting $907.84. 126,791 shares of the stock were exchanged, compared to its average volume of 142,530. The company has a market capitalization of $272.35 million, a PE ratio of 34.79 and a beta of -0.13. The business’s fifty day moving average is $636.97 and its 200 day moving average is $343.51. Breakwave Tanker Shipping ETF has a 52 week low of $15.41 and a 52 week high of $1,051.94.
Breakwave Tanker Shipping ETF Company Profile
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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