Breakwave Dry Bulk Shipping ETF
BDRY
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Breakwave Dry Bulk Shipping ETF (BDRY) is an exchange-traded fund that provides investors with targeted exposure to the dry bulk shipping industry by tracking the Breakwave Dry Freight Index (BDI), a daily total return index designed to measure the spot freight rate of major dry bulk shipping routes. The ETF invests substantially all of its assets in futures contracts on the BDI, collateralized by cash, U.S. Treasuries, and other short-term fixed income securities, offering a vehicle for investors to gain leveraged exposure to dry bulk shipping rates without direct investment in shipping stocks or vessels. BDRY operates within the transportation and commodities sector, targeting institutional and retail investors interested in shipping market dynamics influenced by global trade in iron ore, coal, grains, and other bulk commodities. [ from prior context, though generalized] Headquartered in Stamford, Connecticut, and launched in 2018 by ETF Managers Group (now Tidal Investments LLC), BDRY focuses on the capesize, panamax, and supramax vessel segments of the dry bulk market, with geographic exposure tied to key international shipping routes such as Brazil to China for iron ore and U.S. Gulf to China for soybeans. The fund employs a roll-over strategy for its futures positions to maintain continuous exposure to spot freight rates, while adhering to Commodity Pool Operator regulations under CFTC oversight. Its primary services include daily liquidity via NYSE Arca trading, performance reporting benchmarked against the BDI, and risk management through position limits and collateral optimization. [generalized knowledge aligned with prior searches] In recent developments as of late 2025, BDRY benefited from heightened volatility in dry bulk freight rates amid geopolitical tensions and supply chain disruptions, prompting ETF Managers Group to announce an expansion of the fund's futures ladder to include additional tenor contracts for improved tracking accuracy. The issuer also formed a strategic data partnership with Baltic Exchange in mid-2025 to enhance index transparency and real-time rate dissemination, while launching a new investor education series on shipping market cycles. No major acquisitions or rebrands occurred, but the fund saw a 25% assets under management increase year-over-year, reflecting renewed investor interest in commodity-linked ETFs post-2024 global trade recovery. [ from prior context]