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

SonicShares Global Shipping ETF (NYSEARCA:BOATGet Free Report)’s share price traded up 1.3% during trading on Monday . The company traded as high as $28.12 and last traded at $28.10. 10,791 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 16,742 shares. The stock had previously closed at $27.75.

SonicShares Global Shipping ETF Stock Up 1.3 %

The stock has a market cap of $40.75 million, a price-to-earnings ratio of 2.42 and a beta of 0.54. The stock has a 50 day simple moving average of $28.64 and a 200 day simple moving average of $31.52.

SonicShares Global Shipping ETF Company Profile

(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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