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

Shares of SonicShares Global Shipping ETF (NYSEARCA:BOAT) traded down 1.1% during mid-day trading on Friday . The stock traded as low as $34.04 and last traded at $34.30. 7,179 shares were traded 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 Trading Down 1.1 %

The stock has a market capitalization of $49.74 million, a PE ratio of 2.42 and a beta of 0.54. The business has a fifty day moving average price of $33.14 and a 200-day moving average price of $33.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SonicShares Global Shipping ETF stock. ICA Group Wealth Management LLC bought a new position in SonicShares Global Shipping ETF (NYSEARCA:BOAT) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 840 shares of the company’s stock, valued at approximately $25,000. ICA Group Wealth Management LLC owned 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.