BDRY Long Chinese People's Congress meetings start March 5th. On day 1, China will announce GDP Target for 2025 and any additional economic stimulus measures planned to spur economic growth. BDRY ETF specifically consists of FFA's which driven by Chinese Import demand for dry bulk commodities such as iron ore
Key stats
About Amplify Commodity Trust Breakwave Dry Bulk Shipping ETF
Home page
Inception date
Mar 22, 2018
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
Amplify Investments LLC
Distributor
ETFMG Financial LLC
BDRY is the first ETP to provide exposure to freight futures. Dry bulk shipping is an instrumental part of the global commodity market, and uncorrelated with other major asset classes historically. Dry bulk carrier transport unpackaged dry cargo, such as iron ore, coal, and grain - distinct from tankers and containerized cargo ships. BDRY provides exposure to the charter rate for dry bulk shipping by holding near-dated freight futures contracts on three dry bulk indices. The portfolio uses a fixed weighting scheme, rebalanced annually, based on the cargo ships size category - Capesize freight futures contracts get 50% weight, Panamax contracts 40%, and Supramax contracts 10%. As futures are always an imperfect proxy for spot prices, and the freight futures market is often in contango, long-term holdings are subject to position decay. BDRY is structured as a commodities pool, so expect a K-1 at tax time and long-term holders will be taxed on any gains even without selling shares.
Classification
What's in the fund
Exposure type
Mutual fund
Cash
Bonds, Cash & Other100.00%
Mutual fund63.48%
Cash38.06%
Rights & Warrants−1.54%
Long idea on BDRY. Swing Low held, WyckoffLooking at the weekly chart on BDRY we can see that we shifted bullish in 2021 and have been pulling back since, on decreasing volume. We tapped into Weekly Demand and held a Higher Low, putting in a re-accumulation schematic at the zone. Last parabolic move to new highs took around a year. Looking
Dry Bulk Shipping ETF to Rise as Export/Import Prices IncreaseBDRY the Dry Bulk Shipping ETF, which is tied to the Freight Rate Futures Contracts of the Various Ship Sizes, is now looking to rise again as both the Import and Export prices continue to rise, especially within the Natural Gas and Fuel category.
We have Confirmed Bullish Divergence on the RSI, MA
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.