$16.67 +1.17 (7.57%)
Breakwave Tanker Shipping ETF (BWET)
Company News
Shipping ETFs on pace for best day in nearly a month after U.S., U.K. strike on Houthi rebels in Yemen stirs up more geopolitical worries
Shipping ETFs were jumping amid escalating geopolitical tensions, on pace for their best day in nearly a month.
Why to Bet on Shipping ETFs Now
Despite headwinds, this shipping industry stands to benefit from favorable factors such as the reopening of the Chinese economy since early 2023 and an improvement in the demand for goods and commodities compared to the lows experienced during the pandemic.