Breakwave Tanker Shipping ETF (NYSEARCA:BWET) Short Interest Down 84.6% in December

Breakwave Tanker Shipping ETF (NYSEARCA:BWET) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,035 shares, a drop of 84.6% from the December 15th total of 6,718 shares. Based on an average daily trading volume, of 19,001 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,001 shares, the days-to-cover ratio is presently 0.1 days.

Breakwave Tanker Shipping ETF Stock Performance

NYSEARCA:BWET traded down $1.18 on Monday, hitting $25.37. 32,048 shares of the stock were exchanged, compared to its average volume of 13,893. Breakwave Tanker Shipping ETF has a 52 week low of $9.60 and a 52 week high of $27.50. The stock has a market capitalization of $2.54 million, a price-to-earnings ratio of 34.79 and a beta of 0.70. The company’s 50-day moving average price is $21.94 and its 200 day moving average price is $16.38.

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.