Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Shares Down 1.2%

Shares of Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) dropped 1.2% during trading on Tuesday . The company traded as low as $13.36 and last traded at $13.40. Approximately 84,146 shares traded hands during trading, a decline of 65% from the average daily volume of 238,425 shares. The stock had previously closed at $13.56.

Breakwave Dry Bulk Shipping ETF Stock Performance

The business’s 50-day simple moving average is $14.14 and its 200 day simple moving average is $10.31.

Institutional Trading of Breakwave Dry Bulk Shipping ETF

A hedge fund recently bought a new stake in Breakwave Dry Bulk Shipping ETF stock. JPMorgan Chase & Co. bought a new position in Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,674 shares of the company’s stock, valued at approximately $328,000. JPMorgan Chase & Co. owned approximately 1.03% of Breakwave Dry Bulk Shipping ETF at the end of the most recent reporting period.

About Breakwave Dry Bulk Shipping ETF

The Breakwave Dry Bulk Shipping ETF (BDRY) is an exchange-traded fund that is based on the Breakwave Dry Freight Futures index. The fund tracks an index of long-only exposure to the nearest calendar quarter of dry bulk freight futures contracts on specified indexes. BDRY was launched on Mar 22, 2018 and is managed by Breakwave.