Breakwave Dry Bulk Shipping ETF (BDRY)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	23.55 mm	23.55 mm	23.55 mm	23.55 mm	23.55 mm	23.55 mm
Cash burn (monthly)	3.15 mm	547.16 k	1.91 mm	(no burn)	45.87 k	(no burn)
Cash used (since last report)	8.78 mm	1.53 mm	5.33 mm	n/a	128.00 k	n/a
Cash remaining	14.77 mm	22.02 mm	18.21 mm	n/a	23.42 mm	n/a
Runway (months of cash)	4.7	40.2	9.5	n/a	510.5	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

BDRY institutional ownership history Ownership history

9.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	12	11	+9.1%
Opened positions	5	6	-16.7%
Closed positions	4	8	-50.0%
Increased positions	3	3	–
Reduced positions	1	1	–

13F shares	Current	Prev Q	Change
Total value	4.09 bn	1.61 bn	+153.5%
Total shares	747.04 k	170.29 k	+338.7%
Total puts	49.38 k	0.00	NEW
Total calls	10.50 k	51.90 k	-79.8%
Total put/call ratio	4.7	–	–

Largest owners	Shares	Value	Change
MS Morgan Stanley	556.22 k	$3.09 bn	NEW
HighTower Advisors	45.00 k	$250.00 mm	+12.5%
Jane Street	42.76 k	$237.33 mm	NEW
Advisor	34.47 k	$191.32 mm	-7.5%
UBS UBS	28.83 k	$160.02 mm	+101.7%
Terra Nova Asset Management	13.15 k	$72.98 mm	NEW
Capital CS	11.00 k	$61.05 mm	NEW
Simplex Trading	9.59 k	$53.00 k	+41.7%
Group One Trading	4.10 k	$22.76 mm	NEW
Clearstead Advisors	750.00	$4.16 mm	0.0%

Largest transactions	Shares	Bought/sold	Change
MS Morgan Stanley	556.22 k	+556.22 k	NEW
Jane Street	42.76 k	+42.76 k	NEW
Harwood Advisory	0.00	-30.06 k	EXIT
Integrated Advisors Network	0.00	-16.00 k	EXIT
UBS UBS	28.83 k	+14.54 k	+101.7%
Terra Nova Asset Management	13.15 k	+13.15 k	NEW
Envestnet Asset Management	0.00	-12.33 k	EXIT
Naviter Wealth	0.00	-12.33 k	EXIT
Capital CS	11.00 k	+11.00 k	NEW
HighTower Advisors	45.00 k	+5.00 k	+12.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

News

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Longshoremen are likely to drop their cargo hooks and go on strike, potentially freezing activity at some of the U.S.'s busiest ports.