SonicShares Global Shipping ETF (NYSEARCA:BOAT) Stock Price Up 1.3% – What’s Next?

Posted by ABMN Staff on Nov 6th, 2024

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

SonicShares Global Shipping ETF Trading Up 1.3 %

The stock’s 50-day moving average is $33.51 and its 200-day moving average is $34.43. The stock has a market cap of $47.71 million, a price-to-earnings ratio of 2.42 and a beta of 0.54.

Institutional Trading of SonicShares Global Shipping ETF

A hedge fund recently bought a new stake in SonicShares Global Shipping ETF stock. EverSource Wealth Advisors LLC bought a new position in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 Securities and Exchange Commission.

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.