MarketWatchT3·33mo ago
BWET Breakwave Tanker Shipping ETF
ETF 889.93 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
BWET
$889.93
—
Key stats
$889.93
- 52-Week Range
- $15.41 – $1051.94
- YTD
- +4651.34%
- IV Rank (30D)
- 91.73
- Straddle Price
- $231.55
- P/C Vol Ratio
- 1.55
- Open
- $871.02
- Day Range
- $871.02 – $889.78
- Volume
- 80,560
- Prev Close
- $799.96
About
Breakwave Tanker Shipping ETF (BWET) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2023-05-01
- Has Options
- Yes
Fund profile
holdings as of Oct 20, 2026issuer data
- Expense ratio
- —
- Assets
- $173M issuer-reported, Oct 20, 2026
- Trailing yield
- —
- Average daily volume
- $130M 30 sessions
- Holdings
- 14 top 10 are 131.4%
- Listed
- May 1, 2023 NYSE Arca
- Net asset value
- $802.94 issuer, Oct 20, 2026
Costn/a
Liquidity100
Scale46
Diversificationn/a
Fund flows
This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| KRBNKraneShares Global Carbon Strategy ETF | — | 0.90% | $138M | +0.1% | compare |
| KCCAKraneShares California Carbon Allowance Strategy ETF | — | 0.91% | $117M | −4.7% | compare |
| BDRYBreakwave Dry Bulk Shipping ETF | — | — | $27M | +57.6% | compare |
| MWHSSkylar Electricity Futures ETF | — | 0.95% | $650K | — | compare |
| CTWOCOtwo Advisors Physical European Carbon Allowance Trust | — | — | — | +2.5% | compare |
The largest other funds in the Carbon & Other category.
ETF Profile
holdings as of 2026-10-20
Holdings
14
AUM
$172.7M
Provider
Amplify
Inception
2023-05-01
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
—
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 14 of 14 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Invesco Government & Agency Portfolio 12/31/2031 | 50.86% | Cash/Money Market | — |
| — | Cash & Other | 49.10% | Cash/Money Market | — |
| — | TD3C FFA 270kt Middle East Gulf to China USD/MT M Oct 26 | 35.15% | Derivative | — |
| — | TD3C FFA 270kt Middle East Gulf to China USD/MT M Dec 26 | 28.06% | Derivative | — |
| — | TD3C FFA 270kt Middle East Gulf to China USD/MT M Nov 26 | 27.98% | Derivative | — |
| — | TD3C FFA 270kt Middle East Gulf to China USD/MT M Jan 27 | 9.96% | Derivative | — |
| — | TD3C FFA 270kt Middle East Gulf to China USD/MT M Feb 27 | 9.30% | Derivative | — |
| — | TD3C FFA 270kt Middle East Gulf to China USD/MT Mar 27 | 8.68% | Derivative | — |
| — | TD20 FFA 130kt West Africa to Continent USD/MT M Oct 26 | 5.67% | Derivative | — |
| — | TD20 FFA 130kt West Africa to Continent USD/MT M Nov 26 | 3.05% | Derivative | — |
| — | TD20 FFA 130kt West Africa to Continent USD/MT M Dec 26 | 2.42% | Derivative | — |
| — | TD20 FFA 130kt West Africa to Continent USD/MT M Jan 27 | 1.12% | Derivative | — |
| — | TD20 FFA 130kt West Africa to Continent USD/MT M Feb 27 | 0.89% | Derivative | — |
| — | TD20 FFA 130kt West Africa to Continent USD/MT M Mar 27 | 0.78% | Derivative | — |
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 7.92% | 20.28% | 95.99% | 41.40% |
| Feb | -- | 3.40% | -13.20% | 58.90% | 16.37% |
| Mar | -- | 0.70% | 4.62% | 34.53% | 13.28% |
| Apr | -- | -2.46% | 5.74% | 40.42% | 14.57% |
| May | 5.35% | -1.55% | -7.88% | -8.80% | -3.22% |
| Jun | 33.16% | -7.49% | 3.05% | -10.53% | 4.55% |
| Jul | 2.62% | -8.87% | 6.13% | 78.85% | 19.68% |
| Aug | -18.96% | -3.00% | 9.59% | 60.67% | 12.07% |
| Sep | -2.91% | 1.54% | 14.88% | 78.31% | 22.96% |
| Oct | 20.08% | -18.14% | 32.53% | 6.44%* | 10.23% |
| Nov | -2.69% | -12.18% | 27.75% | -- | 4.29% |
| Dec | -2.00% | -11.15% | -18.24% | -- | -10.46% |
| Total | 29.71% | -42.77% | 102.79% | 2518.08% | 651.95% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $880.24
SMA 50: $686.30
SMA 200: $275.54
Current: $879.30
EMA 12: $880.78
EMA 26: $830.05
MACD: 50.7299 | Signal: -27.8643
BULLISH
ADX (14): 27.43
TREND
+DI: 32.98
−DI: 27.65
Momentum Oscillators
RSI (14): 55.51
NEUTRAL
Stoch %K: 14.77
Stoch %D: 20.63
Williams %R: -64.98
Volume & Volatility
BB Upper: $1081.40
BB Lower: $679.08
NEUTRAL
OBV: 4,518,600
Vol SMA 20: 105,361
Vol ROC: -43.85%
ATR: $64.46
True Range: $89.82
HV 20: 84.8%
HV 30: 112.5%
HV 60: 111.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary BULLISH (Confidence Level: 8/10) Key drivers:
- Strong technical momentum with bullish MACD and RSI signals
- Recent news sentiment is neutral, indicating no significant impact on stock price Primary risks:
- Overbought RSI reading (>70) may indicate a potential sell signal Recent news sentiment impact:
- No notable news events have occurred recently to significantly impact the stock
Technical Analysis Trend Direction: Short-term (1-4 weeks), Medium-term (1-3 months) Support/Resistance Levels: + Upper: $365.55 (Bollinger Band upper) + Middle: $273.44 (SMA 50) + Lower: $181.33 (Bollinger Band lower) Momentum Signals: + RSI: Overbought (>70) - potential sell signal + MACD: Bullish momentum with a bullish crossover + Bollinger Bands: Overbought (price touching upper band)
Volume Analysis: + Volume SMA 20: 195872.75 + On-Balance Volume (OBV): 1872672.37 + Volume Rate of Change: 59.18% - indicating increasing volume
News & Sentiment Analysis Recent Headlines Summary:
- Neutral news headlines about shipping ETFs and global shipping woes Sentiment Assessment: NEUTRAL Catalyst Identification: None significant recent events
Market Narrative:
- News sentiment does not strongly contradict technical signals, indicating a neutral market narrative
Risk & Volatility Assessment Beta Interpretation: Risk is low relative to the market (beta <0.8) Volatility Regime: High volatility with an IV rank of 100% Options Market Signals: + IV Rank: 100.0% - historically high volatility + Current IV: 298.3% - indicating a highly volatile market
Downside Protection:
- Support levels: $273.44 (SMA 50), $181.33 (Bollinger Band lower)
- Risk management considerations: Stop-loss levels and position sizing based on technical signals and risk tolerance
Market Context & Positioning Sector Performance: + Shipping ETFs have performed well recently Institutional Activity: + Volume patterns suggest institutional interest is moderate to high Correlation Analysis: + Stock moves relatively strongly with the market (R-squared interpretation)
Relative Valuation:
- Trading range: $273.44 - $365.55
Key Levels & Action Items Critical Price Levels:
- Support/resistance levels as mentioned above
Breakout/Breakdown Levels:
- Breakout level: $365.55 (Bollinger Band upper)
- Breakdown level: $181.33 (Bollinger Band lower)
Time-Sensitive Catalysts:
- None significant recent events
Risk Management:
- Stop-loss levels and position sizing based on technical signals and risk tolerance
Please note that this report is a sample analysis and should not be used as investment advice without further evaluation of the stock's performance, market conditions, and individual investor risk tolerance.
Generated
News
All BWET news →
MarketWatchT3·34mo ago
Zacks Investment ResearchT3·35mo ago
Zacks Investment ResearchT3·36mo ago
Zacks Investment ResearchT3·40mo ago
Zacks Investment ResearchT3·41mo ago
Zacks Investment ResearchT3·41mo ago
BWET Options Activity & IV Rank
BWET IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 112.1%
7-DTE IV: —
Expected Move: $231.55
7-DTE Move: $231.55
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 273
Put Volume: 423
P/C Volume: 1.549
BEARISH
Call OI: 738
Put OI: 1,323
P/C OI: 1.793
Total OI: 2,061
ATM Options Pricing
ATM Call: $98.70
ATM Put: $132.85
Call %: 11.1%
Put %: 14.9%
Chain Summary
Chain Volume: 2,009
Chain OI: 5,724
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 50th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
50%
vs own history
GEX tilt
+0.15
OI-weighted, today
Vanna tilt
+0.10
δ-sensitivity to IV
Charm tilt
+0.01
δ-decay vs time
? What is this?
· 21 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
+25.9
pts
EXTREME
ATM 116.6% / Wing 142.4%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)91.7HighOct 22
Straddle Price (30 DTE)$231.55Oct 22
Beta Analysis
Risk Metrics
Beta: -0.0932
Alpha: 478.79%
Correlation: -0.0100
R-Squared: 0.0%
Stock Volatility: 118.5%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
BWET Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
3 filers$7.37M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $4.81M | 65.19% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $1.53M | 20.72% | 2026-06-30 |
| 3 | Belvedere Trading LLC | $1.04M | 14.08% | 2026-06-30 |
5 filers$40.21M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $19.78M | 49.19% | 2026-06-30 |
| 2 | DLD Asset Management, LP | $9.91M | 24.65% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $6.50M | 16.16% | 2026-06-30 |
| 4 | Shay Capital LLC | $2.70M | 6.72% | 2026-06-30 |
| 5 | Belvedere Trading LLC | $1.32M | 3.28% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
34.50K
SI % of Float
—
Days to Cover
1.00
Short Vol Ratio
58.9%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|