Breakwave Tanker Shipping ETF (BWET)Commodities Focused | Exchange Traded Fund | NYSEArca
426.38 USD
+1.15
(0.270%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 418.16 -8.22 (-8.220%) ⇩ (Aug. 28, 2026, 7:50 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:09 a.m. EDT
The immediate outlook is explosively bullish, driven by a perfect storm of geopolitical catalysts and technical momentum. The price has surged nearly 3,000% in just two years, fueled by the U.S.-Iran conflict and the strategic importance of the Hormuz Strait. While the statistical forecasting model is useless here due to the asset's extreme volatility and lack of historical precedent, the market mechanics tell a different story: traders are betting big on further escalation. The options flow reveals a 'pin risk' setup where sellers are betting on a continuation of the rally, while buyers are chasing the momentum. However, this is a pure momentum play with no fundamental safety net. The underlying business has suffered two consecutive years of double-digit declines, and there is absolutely no dividend income to cushion a fall. This is a high-octane speculative vehicle riding a geopolitical wave; it is not a traditional investment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.106290 |
| AutoARIMA | 0.181985 |
| AutoETS | 0.181987 |
| MSTL | 0.194367 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 26% |
| H-stat | 0.85 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 1.02 |
| Attribute | Value |
|---|---|
| Trailing P/E | 13.16 |
As of Aug. 22, 2026, 1:09 a.m. EDT: Speculators are aggressively positioning for a massive gap-up, evidenced by heavy call volume at strikes significantly below the current price (e.g., $285, $305) and deep out-of-the-money calls ($420, $430) acting as anchors. Conversely, put writers are establishing massive walls at lower strikes ($150, $205, $260), suggesting a 'pin risk' strategy where sellers bet on a continued rally while protecting against a crash back to the lows. The implied volatility skew shows extreme fear at deep OTM strikes, indicating a binary event expectation.
| Attribute | Value |
|---|---|
| All Time High | 484.84 |
| All Time Low | 9.06 |
| Ask | 450.0 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 346,130 |
| Average Daily Volume3 Month | 193,922 |
| Average Volume | 193,922 |
| Average Volume10Days | 346,130 |
| Beta3 Year | 5.48 |
| Bid | 422.33 |
| Bid Size | 100 |
| Category | Commodities Focused |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 430.58 |
| Day Low | 414.51 |
| Dividend Yield | 0.0 |
| Eps Trailing Twelve Months | 32.40808 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 267.54794 |
| Fifty Day Average Change | 158.83206 |
| Fifty Day Average Change Percent | 0.5936583 |
| Fifty Two Week Change Percent | 3,213.05 |
| Fifty Two Week High | 484.84 |
| Fifty Two Week High Change | -58.45999 |
| Fifty Two Week High Change Percent | -0.120575845 |
| Fifty Two Week Low | 12.83 |
| Fifty Two Week Low Change | 413.55002 |
| Fifty Two Week Low Change Percent | 32.233047 |
| Fifty Two Week Range | 12.83 - 484.84 |
| First Trade Date Milliseconds | 1,683,120,600,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 1.14999 |
| Fullday Change Percent | 0.27044 |
| Fullday Price | 418.16 |
| Fund Family | Amplify ETFs |
| Fund Inception Date | 1,682,899,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Freight Futures reflect market expectations for the future cost of transporting crude oil. Each Reference index is published each United Kingdom business day by the London-based Baltic Exchange Ltd. and measures the charter rate for shipping crude oil in a specific size category of cargo ship and for a specific route. |
| Long Name | Breakwave Tanker Shipping ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1795951616 |
| Nav Price | 414.5398 |
| Net Assets | 35,887,956.0 |
| Net Expense Ratio | 3.5 |
| Open | 429.0 |
| Phone | (908) 897-0510 |
| Post Market Change | -8.220001 |
| Post Market Change Percent | -1.927858 |
| Post Market Price | 418.16 |
| Post Market Time | 1,787,961,048 |
| Previous Close | 425.23 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 1.14999 |
| Regular Market Change Percent | 0.27044 |
| Regular Market Day High | 430.58 |
| Regular Market Day Low | 414.51 |
| Regular Market Day Range | 414.51 - 430.58 |
| Regular Market Open | 429.0 |
| Regular Market Previous Close | 425.23 |
| Regular Market Price | 426.38 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 460,003 |
| Short Name | Breakwave Tanker Shipping ETF |
| Source Interval | 15 |
| Symbol | BWET |
| Three Year Average Return | 1.6970514 |
| Total Assets | 35,887,956 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 13.156595 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 63.16903 |
| Trailing Three Month Returns | 63.16903 |
| Triggerable | 1 |
| Two Hundred Day Average | 131.11905 |
| Two Hundred Day Average Change | 295.26096 |
| Two Hundred Day Average Change Percent | 2.251854 |
| Type Disp | ETF |
| Volume | 460,003 |
| Yield | 0.0 |
| Ytd Return | 1,275.0123 |