Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Down 42.1% in February

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 7,425 shares, a decline of 42.1% from the January 29th total of 12,823 shares. Based on an average daily volume of 30,304 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.0% of the shares of the company are sold short. Approximately 5.0% of the shares of the company are sold short. Based on an average daily volume of 30,304 shares, the days-to-cover ratio is currently 0.2 days.

Breakwave Tanker Shipping ETF Stock Up 27.8%

BWET stock traded up $15.92 during midday trading on Monday, hitting $73.22. 229,195 shares of the company traded hands, compared to its average volume of 41,672. Breakwave Tanker Shipping ETF has a twelve month low of $9.60 and a twelve month high of $75.50. The stock has a market capitalization of $10.98 million, a price-to-earnings ratio of 34.79 and a beta of 0.70. The business has a 50 day simple moving average of $33.25 and a 200-day simple moving average of $23.04.

Breakwave Tanker Shipping ETF Company Profile

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.