Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) Trading 4% Higher – What’s Next?

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

Breakwave Dry Bulk Shipping ETF Trading Up 4.0 %

The stock has a 50-day simple moving average of $10.36 and a 200 day simple moving average of $11.62.

Institutional Trading of Breakwave Dry Bulk Shipping ETF

An institutional investor recently bought a new position in Breakwave Dry Bulk Shipping ETF stock. Janney Montgomery Scott LLC purchased a new position in Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,462 shares of the company’s stock, valued at approximately $408,000. Janney Montgomery Scott LLC owned about 0.77% of Breakwave Dry Bulk Shipping ETF as of its most recent SEC filing.

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.