Shipping ETF, up 124% this year, extends gains despite Suez snafu

The Breakwave Dry Bulk Shipping exchange-traded fund gained more than 2% Wednesday, even as a cargo ship remained lodged in the Suez Canal, blocking traffic. The ETF aims to reflect the daily price movements of near-dated dry bulk freight futures. It’s gained a whopping 124% in the year to date, among the best-performing ETFs in that period, as investors bet on a global economic rebound.

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