Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Stock Price Up 4% – Still a Buy?

Shares of Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) were up 4% during mid-day trading on Thursday . The stock traded as high as $8.59 and last traded at $8.42. Approximately 254,020 shares traded hands during trading, an increase of 80% from the average daily volume of 141,062 shares. The stock had previously closed at $8.10.

Breakwave Dry Bulk Shipping ETF Trading Down 2.4 %

The firm has a 50-day moving average price of $10.31 and a 200 day moving average price of $11.58.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Breakwave Dry Bulk Shipping ETF stock. Sunbelt Securities Inc. bought a new stake in shares of Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,635 shares of the company’s stock, valued at approximately $64,000.

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.