Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Down 62.6% in August

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 14,699 shares, a decline of 62.6% from the August 15th total of 39,324 shares. Based on an average trading volume of 372,583 shares, the short-interest ratio is presently 0.0 days. Approximately 10.5% of the shares of the stock are short sold.

Breakwave Tanker Shipping ETF Stock Performance

BWET traded down $58.22 during trading on Tuesday, reaching $711.50. The stock had a trading volume of 251,100 shares, compared to its average volume of 142,185. The stock has a market cap of $99.61 million, a PE ratio of 34.79 and a beta of 0.18. Breakwave Tanker Shipping ETF has a one year low of $13.58 and a one year high of $804.56. The business has a 50-day moving average of $356.58 and a 200-day moving average of $218.73.

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.