The Breakwave Tanker Shipping ETF is an exchange-traded fund designed to offer investors exposure to the tanker shipping industry. This ETF primarily tracks a benchmark or index composed of companies involved in the shipping of crude oil and petroleum. Its primary function is to mirror the performance of companies in the tanker shipping sector, enabling investors to gain insights into the transport dynamics of global energy commodities. Notable for its focus on a niche segment of the maritime industry, the Breakwave Tanker Shipping ETF includes varied stakeholders such as major shipping companies specializing in operating oil tankers and associated services. Hence, its performance is linked with the broader trends in global trade, oil demand, and related geopolitical factors. Within the financial market, this ETF serves as a practical tool for those seeking to diversify their portfolios with specific exposure to shipping logistics and international trade, without having to directly invest in individual tanker shipping companies, thereby providing a diversified risk approach to thematic investing.
United States
BWET is an extremely concentrated bet on specific forward freight agreements, not a direct tanker shipping investment. Read more on the BWET ETF here.
The BWET ETF plunged 24% Tuesday but remains up over 3,500% YTD as soaring tanker rates and a crude-shipping crunch reshape oil markets.
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Freight ETFs are soaring as Middle East disruptions drive tanker rates higher, lifting shipping earnings and fueling a powerful rally.
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Investors talking about BWET also mention
| # | Name | Attention |
|---|---|---|
| 1 | Breakwave Dry Bulk Shipping ETFBDRY | 0.08%new |
| 2 | Frontline plcFRO | 0.01%-0.01 |
| 3 | Roundhill Memory ETFDRAM | 1.86%+1.73 |
| 4 | First Trust Nasdaq Semiconductor ETFFTXL | 0%0 |
| 5 | Sandisk Corp.SNDK | 0.7%+0.13 |
| 6 | WisdomTree Efficient Gold Plus Gold Miners Strategy FundGDMN | 0%0 |
| 7 | Sprott Junior Copper Miners ETFCOPJ | 0%0 |
| 8 | iShares MSCI South Korea ETFEWY | 0.33%-0.12 |
| 9 | Diana Shipping Inc.DSX | 0%0 |
| 10 | Scorpio Tankers Inc.STNG | 0.01%+0 |
What share of all ETF conversation is about BWET?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Attention | 0.28% +0.12 | 0.27% -0.93 | 0.84% +0.65 | 0.03% +0.02 |
Of the messages about BWET that take a side, what share is each?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Bullish | 100% +19.51 | 74.22% +14.37 | 92.45% +7.16 | 81.63% +20.18 | ||
| Bearish | 0% -19.51 | 25.78% -14.37 | 7.55% -7.16 | 18.37% -20.18 |
Of the messages about BWET that carry a topic, what share is each?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Macro | 0% | 42.65% | 28.67% | 53.56% | ||
| Technical Analysis | 100% | 57.35% | 71.33% | 46.44% |
Of the messages about BWET, what share comes from each group?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Regulars | 92.23% | 66.72% | 24.43% | 59.43% | ||
| Newcomers | 7.77% | 33.28% | 75.57% | 40.57% |