Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Update

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 92,318 shares, a growth of 21.1% from the March 31st total of 76,234 shares. Currently, 46.2% of the shares of the company are sold short. Based on an average daily volume of 174,195 shares, the short-interest ratio is currently 0.5 days.

Breakwave Tanker Shipping ETF Stock Performance

Breakwave Tanker Shipping ETF stock traded up $10.84 during midday trading on Friday, hitting $174.18. 88,314 shares of the company were exchanged, compared to its average volume of 88,345. The firm has a market capitalization of $36.58 million, a PE ratio of 34.79 and a beta of -0.77. Breakwave Tanker Shipping ETF has a fifty-two week low of $9.60 and a fifty-two week high of $179.90. The business has a fifty day simple moving average of $105.11 and a two-hundred day simple moving average of $52.89.

About Breakwave Tanker Shipping ETF

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.