SonicShares Global Shipping ETF (NYSEARCA:BOAT) Shares Up 1.7% – Here’s What Happened

SonicShares Global Shipping ETF (NYSEARCA:BOAT)’s stock price were up 1.7% on Friday . The stock traded as high as $44.51 and last traded at $44.39. 15,290 shares traded hands during trading, a decline of 55% from the average daily volume of 34,293 shares. The stock had previously closed at $43.65.

SonicShares Global Shipping ETF Stock Performance

The stock has a market capitalization of $78.57 million, a PE ratio of 4.25 and a beta of 0.65. The firm has a 50 day moving average of $41.49 and a 200-day moving average of $40.37.

Institutional Trading of SonicShares Global Shipping ETF

An institutional investor recently raised its stake in SonicShares Global Shipping ETF stock. JPMorgan Chase & Co. boosted its stake in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT) by 111.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,431 shares of the company’s stock after purchasing an additional 755 shares during the period. JPMorgan Chase & Co. owned about 0.11% of SonicShares Global Shipping ETF worth $41,000 at the end of the most recent reporting period.

SonicShares Global Shipping ETF Company Profile

The SonicShares Global Shipping ETF (BOAT) is an exchange-traded fund that is based on the Solactive Global Shipping index, a modified market-cap-weighted index of globally-listed companies engaged in maritime shipping. BOAT was launched on Aug 3, 2021 and is managed by SonicShares.