SonicShares Global Shipping ETF logo

SonicShares Global Shipping ETF (BOAT)

Market Closed
15 Oct, 08:00 PM
ARCA ARCA
$
52. 36
-1.71
-3.1626%
$
62.54M Market Cap
2.65% Div Yield
220,500 Volume
$ 54.07
Previous Close
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Day Range
52 53.33
Year Range
29.74 55.49
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BOAT: Shipping Stocks Are A Momentum Buy

BOAT: Shipping Stocks Are A Momentum Buy

Shipping stocks have underperformed the S&P 500 in the past decade but have outperformed the market year-to-date. The SonicShares Global Shipping ETF is a globally diversified ETF with equal exposure to container and energy shipping, and it has a modified cap-weighted structure. Shipping stocks typically have low but volatile profits, meaning that the best point to take a position is when they are cheap and distressed.

Seekingalpha | 2 years ago