Breakwave Dry Bulk Shipping ETF (BDRY)
BDRY Price and Sentiment
BDRY Latest news
The broader market posted a muted performance during the third quarter of 2021 mainly due to the COVID-19 Delta-variant scare, Fed taper talks and the resultant rising rate worries, the probability of a tax hike, and China's real estate developer Evergrande's default risks.
September was downbeat for Wall Street. Fed taper talks and the resultant rising rate worries, the probability of a tax hike in the U.S., China's real estate developer Evergrande's default risks and the adverse seasonality of the month of September led to this debacle.
ETF Managers Group LLC recently announced the launch of the ETFMG Breakwave Sea Decarbonisation Tech Exchange Traded Fund BSEA.
BDRY focuses on dry bulk shipping freight future contracts of roughly 3 months.
The Breakwave Dry Bulk Shipping ETF (BDRY) hits a new 52-week high. Are more gains in store?
Breakwave Dry Bulk Shipping ETF (BDRY) is the top-performing ETF of this year so far, having gained more than 300%. The dry bulk shipping industry is enjoying a smooth sailing due to supply chain disruptions around the world caused by the pandemic.
The mainstream press is now awash in articles on global supply chain breakdowns, exorbitant shipping costs, clogged ports, emptying store shelves and rising inflation. That's good news for sentiment toward many (but not all) ocean shipping stocks.
Wall Street saw a bloodbath last week on concerns over Delta variant of COVID-19 and the Fed taper talks.
ETF Trends CEO Tom Lydon discussed the Breakwave Dry Bulk Shipping ETF (BDRY) on this week's “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show. BDRY is designed to reflect the daily price movements of the near-dated dry bulk freight futures.
Amid global supply chain disruptions and surging freight costs, shipping stocks look attractive right now. Here are four names to watch.