SonicShares Global Shipping ETF (NYSEARCA:BOAT) Shares Up 1.3% – Should You Buy?

by · The Cerbat Gem

SonicShares Global Shipping ETF (NYSEARCA:BOAT – Get Free Report) shares shot up 1.3% on Tuesday . The company traded as high as $32.94 and last traded at $32.90. 5,158 shares traded hands during trading, a decline of 79% from the average session volume of 24,110 shares. The stock had previously closed at $32.48.

SonicShares Global Shipping ETF Stock Performance

The stock has a 50 day moving average price of $33.47 and a two-hundred day moving average price of $34.43. The company has a market capitalization of $47.63 million, a PE ratio of 2.42 and a beta of 0.54.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SonicShares Global Shipping ETF stock. EverSource Wealth Advisors LLC acquired a new stake in SonicShares Global Shipping ETF (NYSEARCA:BOAT – Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 783 shares of the company’s stock, valued at approximately $26,000. EverSource Wealth Advisors LLC owned approximately 0.05% of SonicShares Global Shipping ETF as of its most recent filing with the SEC.

About SonicShares Global Shipping ETF

(Get Free Report)

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.

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