Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Trading 2.6% Higher – Time to Buy?

Breakwave Tanker Shipping ETF (NYSEARCA:BWETGet Free Report)’s share price was up 2.6% on Thursday . The stock traded as high as $24.52 and last traded at $24.44. Approximately 14,844 shares were traded during trading, an increase of 157% from the average daily volume of 5,765 shares. The stock had previously closed at $23.81.

Breakwave Tanker Shipping ETF Trading Up 3.1%

The company’s 50 day moving average price is $19.61 and its two-hundred day moving average price is $14.72. The firm has a market cap of $4.53 million, a PE ratio of 34.79 and a beta of 0.70.

Breakwave Tanker Shipping ETF Company Profile

(Get Free Report)

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.

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