(BDRY) Breakwave Dry Bulk Shipping - Ratings and Ratios

The Breakwave Dry Bulk Shipping ETF (NYSE ARCA: BDRY) is designed to track the performance of freight futures contracts for dry bulk shipping. The fund invests in a portfolio of futures contracts tied to the freight rates of Capesize, Panamax, and Supramax vessels, which are the primary vessel classes in the global dry bulk shipping industry. These vessels transport major dry bulk commodities such as iron ore, coal, and grain. By focusing on freight futures, the ETF provides exposure to the revenue streams of dry bulk shipping companies without directly owning the physical assets.

The ETFs benchmark portfolio is composed of a mix of Capesize, Panamax, and Supramax freight futures, reflecting the diverse nature of global dry bulk shipping markets. Capesize vessels, the largest class, primarily transport iron ore and coal on long-haul routes. Panamax vessels, with their standard size, are versatile and can navigate the Panama Canal, often carrying grains or coal. Supramax vessels, smaller and more maneuverable, handle a variety of smaller cargo loads, including minor bulks. The funds structure allows it to capitalize on fluctuations in global shipping demand and supply chain dynamics.

As of the latest data, the ETF has an average daily trading volume of 235,792 shares, with a last price of $6.29. Its short-term moving averages (SMA 20: $6.02, SMA 50: $5.89) indicate recent price strength, while the SMA 200 ($8.98) reflects longer-term downward pressure. The Average True Range (ATR) of $0.29 signals moderate volatility. With assets under management (AUM) of $63.15 million, the fund represents a targeted exposure to the dry bulk shipping sector.