Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Stock Price Up 1.2% – Still a Buy?

Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRYGet Free Report)’s share price rose 1.2% during trading on Monday . The company traded as high as $12.65 and last traded at $12.22. Approximately 306,127 shares changed hands during mid-day trading, an increase of 322% from the average daily volume of 72,520 shares. The stock had previously closed at $12.07.

Breakwave Dry Bulk Shipping ETF Stock Performance

The firm’s 50 day simple moving average is $10.31 and its 200-day simple moving average is $9.06. The company has a market capitalization of $43.99 million, a price-to-earnings ratio of 23.67 and a beta of 0.85.

Breakwave Dry Bulk Shipping ETF Company Profile

(Get Free Report)

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.

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