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BWET does not currently pay a dividend.
See exactly how BWET's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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The Breakwave Tanker Shipping ETF (BWET) is an exchange-traded fund that enables investors to track the daily shifts in indices measuring the prospective cost of crude oil transportation. It grants direct, unlevered access to oil tanker futures, removing the necessity of maintaining a separate futures account.
Freight ETFs are surging as Middle East disruptions send tanker rates soaring, with BWET up over 3,700% YTD and shipping earnings at record levels.
The Breakwave Tanker Shipping ETF (BWET) is up over 3,600% year to date, according to Morningstar, by far the best performance of any non-levered U.S. fund as the price of transporting oil has soared due to geopolitical shocks. Led by the U.S.-Iran war repercussions, there have been over 140,000 disrupted freight cargo vessels across the globe contributing to higher shipping rates.
While most investors and analysts were focused on the technology sector – with a particular eye for the wider artificial intelligence (AI) space – and energy, a different industry produced one of the best-performing exchange-traded funds (ETFs) on record.
BWET hits a fresh 52-week high as shipping disruptions and soaring freight rates fuel gains.
Cooling inflation and softer jobs data eased Fed rate-hike fears, while AI, neocloud and memory ETFs delivered strong gains last week.