BWET Stock Summary and Trading Ideas (Breakwave Tanker Shipping ETF | ARCA:BWET)

BWET provides long exposure to the crude oil tanker shipping market through a portfolio of near-dated futures contracts on indices that measure the cost of shipping crude oil. Futures reflect market expectations for the future cost of transporting crude oil. The first and only freight futures exchange-traded product exclusively focused on crude oil tanker freight rates.

Breakwave Tanker Shipping ETF trades on the ARCA stock market under the symbol BWET.

As of March 9, 2026, BWET stock price climbed to $61.68 with 180,188 million shares trading.

BWET has a beta of -0.04, meaning it tends to be less sensitive to market movements. BWET has a correlation of 0.00 to the broad based SPY ETF.

BWET has a market cap of $20.67 million. This is considered a Sub-Micro Cap stock.

BWET has outperformed the market in the last year with a price return of +514.3% while the SPY ETF gained +19.7%. BWET has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +169.5% and +26.8%, respectively, while the SPY returned -0.8% and -1.6%, respectively.

BWET support price is $53.48 and resistance is $61.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BWET shares will trade within this expected range on the day.