Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Stock Short Interest Report for September

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 34,498 shares, a decrease of 49.8% from the September 15th total of 68,719 shares. Based on an average daily trading volume, of 192,167 shares, the days-to-cover ratio is presently 0.2 days. Approximately 14.4% of the company’s shares are short sold.

Breakwave Tanker Shipping ETF Stock Performance

BWET traded down $15.41 during mid-day trading on Friday, reaching $892.42. The stock had a trading volume of 55,974 shares, compared to its average volume of 142,092. The firm’s fifty day simple moving average is $636.97 and its two-hundred day simple moving average is $343.51. The stock has a market capitalization of $267.73 million, a P/E ratio of 34.79 and a beta of -0.13. Breakwave Tanker Shipping ETF has a 52 week low of $15.41 and a 52 week high of $1,051.94.

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.