Breakwave Tanker Shipping ETF BDRY is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and has moved up 92.6% from its 52-week low price of $7.43 per share.
Shipping ETFs are riding on elevated freight rates as Middle East disruptions reshape logistics, with BWET SEA posting strong 2026 gains.
Shipping ETFs like BWET surge as Hormuz blockade drives freight rates sky high, outperforming the S&P 500 amid war-fueled volatility.
IDGT, WCBR, UTES, BDRY, MKOR & RING led last week's ETF gains as AI rotation, Japan optimism, shipping strength and defensive demand drove standout performance.
Wall Street had a losing February in 2025 due to geopolitical tensions, tariff tantrums and pressure on tech stocks.
U.S. stocks closed the final week and the month of August with gains.
Technology remained the best-performing sector of the second quarter on the AI drive while energy lagged.