SonicShares Global Shipping ETF (NYSEARCA:BOAT) Shares Up 0.1% – What’s Next?

SonicShares Global Shipping ETF (NYSEARCA:BOAT)’s share price shot up 0.1% during trading on Monday . The company traded as high as $34.00 and last traded at $33.92. 4,720 shares changed hands during trading, a decline of 81% from the average session volume of 25,042 shares. The stock had previously closed at $33.90.

SonicShares Global Shipping ETF Stock Performance

The firm has a market cap of $48.14 million, a PE ratio of 2.42 and a beta of 0.54. The firm has a fifty day simple moving average of $33.64 and a two-hundred day simple moving average of $34.19.

Institutional Investors Weigh In On 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 stake in shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 783 shares of the company’s stock, valued at approximately $26,000. EverSource Wealth Advisors LLC owned 0.05% of SonicShares Global Shipping ETF at the end of the most recent reporting period.

About SonicShares Global Shipping ETF

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.