Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Down 84.6% in December

by · The Cerbat Gem

Breakwave Tanker Shipping ETF (NYSEARCA:BWET – Get Free Report) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,035 shares, a decrease of 84.6% from the December 15th total of 6,718 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 19,001 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 19,001 shares, the short-interest ratio is presently 0.1 days. Currently, 1.0% of the shares of the stock are short sold.

Breakwave Tanker Shipping ETF Price Performance

Breakwave Tanker Shipping ETF stock traded up $3.44 during trading on Wednesday, reaching $32.79. 54,527 shares of the company were exchanged, compared to its average volume of 20,014. The stock’s 50 day simple moving average is $22.46 and its two-hundred day simple moving average is $16.62. The company has a market capitalization of $2.62 million, a P/E ratio of 34.79 and a beta of 0.70. Breakwave Tanker Shipping ETF has a 52-week low of $9.60 and a 52-week high of $33.53.

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. BWET was launched on May 3, 2023 and is managed by Breakwave.

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