Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Short Interest Up 82.8% in May

Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 74,600 shares, an increase of 82.8% from the May 15th total of 40,800 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average trading volume of 161,000 shares, the short-interest ratio is currently 0.5 days.

Breakwave Dry Bulk Shipping ETF Price Performance

Shares of BDRY stock traded down $0.19 during mid-day trading on Monday, hitting $5.68. 266,043 shares of the stock traded hands, compared to its average volume of 131,033. The stock has a market cap of $65.21 million, a P/E ratio of 23.67 and a beta of 0.85. The stock’s fifty day moving average is $5.52 and its two-hundred day moving average is $5.88. Breakwave Dry Bulk Shipping ETF has a 52-week low of $5.03 and a 52-week high of $12.50.

Breakwave Dry Bulk Shipping ETF Company Profile

The Breakwave Dry Bulk Shipping ETF (BDRY) is an exchange-traded fund that is based on the Breakwave Dry Freight Futures index. The fund tracks an index of long-only exposure to the nearest calendar quarter of dry bulk freight futures contracts on specified indexes. BDRY was launched on Mar 22, 2018 and is managed by Breakwave.