SonicShares Global Shipping ETF (NYSEARCA:BOAT) Trading Down 1.1%

SonicShares Global Shipping ETF (NYSEARCA:BOAT) shares traded down 1.1% on Friday . The stock traded as low as $34.04 and last traded at $34.30. 7,179 shares traded hands during trading, a decline of 73% from the average session volume of 26,243 shares. The stock had previously closed at $34.68.

SonicShares Global Shipping ETF Stock Down 1.1 %

The stock’s fifty day simple moving average is $33.14 and its 200-day simple moving average is $33.63. The company has a market capitalization of $49.74 million, a PE 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. ICA Group Wealth Management LLC acquired a new position in SonicShares Global Shipping ETF (NYSEARCA:BOAT) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 840 shares of the company’s stock, valued at approximately $25,000. ICA Group Wealth Management LLC owned approximately 0.12% of SonicShares Global Shipping ETF as of its most recent SEC filing.

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.