SonicShares Global Shipping ETF (BOAT)
SonicShares Global Shipping ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $44.35, up 2.01% on the session, giving a market capitalisation of $51.9M. Its beta of 0.46 implies it has historically moved less than the broad market.
This ETF aims to offer exposure to a global universe of companies operating within the maritime shipping industry, by tracking an index governed by specific criteria. Under typical market conditions, a minimum of 80% of its net assets, combined with any funds borrowed for investment purposes, will be allocated to these global shipping enterprises. Additionally, the fund's investment adviser possesses the flexibility to invest in securities or other holdings not specifically included in the index, should they determine these investments will assist in achieving its objective of tracking the index. The fund is designated as non-diversified.
SonicShares Global Shipping ETF is most often compared with the following Financial Services names: