---
title: "Tanker fund falls 22% from Friday's 52-week high"
url: "https://etf.net/news/tanker-fund-falls-22-from-friday-s-52-week-high-2026-09-22"
published_at: "2026-09-22T21:05:50.678Z"
updated_at: "2026-09-22T21:05:50.678Z"
byline: "ETF.net Research"
---

# Tanker fund falls 22% from Friday's 52-week high

The Breakwave Tanker Shipping ETF fell 18.2% on Tuesday, September 22, 2026, two sessions after a 52-week high; Viking Therapeutics rose 35.7% on VK2735 obesity data.

By ETF.net Research. Published Sep 22, 2026.

Amplify's tanker-freight fund BWET fell **18.2%** to $682.01, the session's largest unleveraged decline, on 480,000 shares, more than four times its recent average. It had closed Friday at a 52-week high of **$872.14**. Two sessions erased **22%**. The product is still up **3,441%** in 2026 and **46%** over the past month.

Chart: **BWET** stood alone among Tuesday's fund moves

The fund holds forward freight agreements, contracts that settle against future tanker rates, mainly on the TD3C route: the cost of sending a very large crude carrier from the Middle East Gulf to China. Last Wednesday it [gained 8.4% as crude fell](https://etf.net/news/tanker-etf-gains-8-4-as-crude-falls-2026-09-16). A Baltic weekly report put that route at **$1.21 million** a day as of last Thursday. SonicShares' global shipping fund BOAT fell **2.5%**.

The S&P 500 closed **0.01%** lower at **7,764** at 4 p.m. ET, a session after [Meta and the chip complex added 1.5% to the same print](https://etf.net/news/meta-adds-192-billion-after-muse-tops-the-charts-2026-09-21). The Nasdaq-100 still rose **0.82%**, with the iShares semiconductor fund SOXX up **2.4%**.

Table: Fund, Exposure, Tuesday, Assets

## Viking Therapeutics

Viking, the clinical-stage obesity company, said a 17.5 mg weekly dose of its GLP-1/GIP agonist VK2735 produced **22%** placebo-adjusted weight loss at week 33, with no plateau, and that monthly and every-other-week regimens were viable. Volume hit **41 million** shares, about 13 times the recent average. The stock jumped **35.7%** to $40.85 and is **5.3%** below its 52-week high of $43.15.

## Cannabis, Hedera, and natural gas

US cannabis funds had no announced catalyst. MSOS rose **7.9%** to $5.33, almost all of its **8.1%** five-session gain. Amplify's alternative-harvest fund MJ added **5.9%**; its Seymour cannabis fund CNBS added **5.8%**. Curaleaf, an 18% sleeve in MSOS, rose **11.2%** to $11.62. MSOS is still **26%** below its 52-week high of $7.25.

Canary's Hedera spot fund HBR gained **8.0%** to $13.44 after **15.1%** on Monday, a **31%** five-session run. It remains **54%** below its 52-week high. XRP funds rose too. Canary's XRP fund XRPC rose **5.5%**; 21Shares' TOXR rose **5.7%**. Teucrium's 2x daily XRP fund XXRP gained **11.2%**. That XRP cluster is a bounce: XRPC had dropped **11.5%** on September 15 after the Senate stalled a crypto bill, a hole [this column ranked that session](https://etf.net/news/xrp-funds-fall-11-6-after-senate-stalls-crypto-bill-2026-09-15). Bitcoin did not confirm. Spot bitcoin last traded at **$86,364**, down **0.27%**, and the iShares Bitcoin Trust IBIT fell **0.37%**.

Natural gas rose as crude fell. Henry Hub rose **5.8%** to **$3.17**, and UNG gained **5.8%** to $10.86 on 45 million shares, more than three times its recent average. The fund is still down **11%** this year.

## Crude and banks

WTI crude fell **2.8%** to **$89.77**, a fifth down session for USO, which closed at $144.08. The five-session loss is **11%**. The fund is still up **108%** this year. Invesco's oil fund DBO dropped **2.6%**. Energy equities in the State Street sector fund XLE lost **1.1%**.

KBWB fell **2.3%** to $90.21 a day after Meta's Muse AI shopping agent, which can browse and check out for a user, put payments and brokerage names in focus. JPMorgan Chase lost **3.4%** to $340. Bank of America lost **3.0%** to $56.20. Charles Schwab dropped **6.1%** to $100.35 with the group, a larger one-day decline than on last week's Federal Reserve hike, on **16.8 million** shares against a **9.8 million** average.

A holder marked at Friday's **$872.14** close is down **22%** in two sessions. The freight-futures book that is still up **3,441%** in 2026 just showed how fast it can move the other way.

Source: etf.net, https://etf.net/news/tanker-fund-falls-22-from-friday-s-52-week-high-2026-09-22. Please cite the page URL.