SonicShares Global Shipping ETF (NYSEARCA:BOAT) Stock Cross Below Two Hundred Day Moving Average – Here’s What Happened

SonicShares Global Shipping ETF (NYSEARCA:BOAT)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $34.41 and traded as low as $31.12. SonicShares Global Shipping ETF shares last traded at $31.12, with a volume of 9,355 shares changing hands.

SonicShares Global Shipping ETF Price Performance

The company has a market cap of $45.12 million, a P/E ratio of 2.42 and a beta of 0.54. The company’s 50-day moving average is $33.43 and its two-hundred day moving average is $34.41.

Institutional Trading of SonicShares Global Shipping ETF

An institutional investor recently bought a new position in SonicShares Global Shipping ETF stock. EverSource Wealth Advisors LLC acquired a new position in SonicShares Global Shipping ETF (NYSEARCA:BOAT) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 783 shares of the company’s stock, valued at approximately $26,000. EverSource Wealth Advisors LLC owned 0.05% 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.