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Shipping, tanker stocks rally as Trump launches Strait of Hormuz blockade
Seeking Alpha News (Mon, 13-Apr 6:59 PM ET)
The SonicShares Global Shipping ETF (BOAT) provides pure-play exposure to the global maritime shipping industry. BOAT is an indexed ETF that seeks to provide performance results that correspond, before fees and expenses, to the Solactive Global Shipping Index. The Index consists of global shipping companies engaged in the maritime transportation of goods and raw materials, including consumer and industrial products, vehicles, dry bulk, crude oil and liquefied natural gas. Maritime shipping is considered the lifeline of the U.S. and global economies, as around 90% of the world s trade is carried by sea. With the economy s continued reliance on world trade, just-in-time manufacturing and inventory management, our dependence on maritime shipping should continue, which in turn should benefit shipping company stocks. BOAT allows investors to express a bullish view not only on this critical industry, but also on the anticipated recovery of the global economy that it sustains.
Sonicshares Global Shipping ETF trades on the ARCA stock market under the symbol BOAT.
As of April 15, 2026, BOAT stock price climbed to $41.04 with 25,084 million shares trading.
BOAT has a beta of 0.94, meaning it tends to be less sensitive to market movements. BOAT has a correlation of 0.29 to the broad based SPY ETF.
BOAT has a market cap of $82.08 million. This is considered a Micro Cap stock.
In the last 3 years, BOAT traded as high as $43.24 and as low as $22.16.
BOAT has outperformed the market in the last year with a return of +73.3%, while the SPY ETF gained +31.2%. In the last 3 month period, BOAT beat the market returning +21.8%, while SPY returned +1.6%. However, in the most recent 2 weeks BOAT has underperformed the stock market by returning +1.2%, while SPY returned +7.6%.
BOAT support price is $40.27 and resistance is $41.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BOAT shares will trade within this expected range on the day.
