---
title: "Tanker fund gains 12% as crude falls and Dell, HPE rally"
url: "https://etf.net/news/tanker-fund-gains-12-as-crude-falls-and-dell-hpe-rally-2026-09-11"
published_at: "2026-09-11T21:09:39.763Z"
updated_at: "2026-09-11T21:09:39.763Z"
byline: "ETF.net Research"
---

# Tanker fund gains 12% as crude falls and Dell, HPE rally

The Breakwave tanker-freight ETF rose 11.8% on Friday, September 11, 2026, as Dell and Hewlett Packard Enterprise gained about 12% and junior uranium miners fell 5.6%.

By ETF.net Research. Published Sep 11, 2026.

Oil-tanker freight paid **11.8%** on Friday. Crude did not.

Amplify's tanker-freight fund BWET rose for a second straight double-digit session, to $726.92. WTI crude was at $100.08, down **2.3%**, as of 4:49 p.m. ET. The S&P 500 closed at 7,655.50, up 0.84%, after August consumer prices rose 0.4% and gasoline 3.9%. The VIX fell 11.2% to 15.84. The Nasdaq Composite gained 0.96% to 26,333.04, the Dow 0.98% to 52,573.29, and the Russell 2000 0.45%.

## Tanker freight paid; the barrel did not

BWET holds forward freight agreements, mostly the Middle East-to-China crude route. It gained 11.4% on Thursday and 11.8% on Friday, 25% in two sessions, and finished 2.2% under its 52-week high of $743.57. Yemeni officials said Friday that Houthi forces had taken Perim Island, the rock that splits the Bab al-Mandeb into two shipping lanes. That report came after Thursday's 11.4% gain.

Oil funds went the other way. The Brent futures fund BNO fell 2.8% to $61.37, giving back part of Thursday's 6.4% jump. The WTI fund USO lost 2.2%. Invesco's oil fund DBO dropped 2.6%. Energy producers in XLE closed 0.3% higher.

Chart: Tanker freight **gained 11.8%** as oil futures funds fell

Freight led. Uranium miners and the short-term VIX fund took the losses.

Table: Fund, Friday, Assets

Spot ether funds ETH, ETHA, and FETH each gained 3.2%, as did the bitcoin-mining fund WGMI. ETHA is still down 15% this year.

EWY rose 3.2% to $188.72 after Thursday's 4.2% drop. The KOSPI had already closed 1.8% lower overnight. SK Hynix is 25% of the fund, Samsung Electronics 22%.

Super Micro Computer rose 7.3% to $40.10, and SMCY captured 6.3%. Moderna rose 5.4% to $143.97; MRNY gained 4.7%.

## Dell and HPE rebound

Hewlett Packard Enterprise jumped 12.4% to $62.09. Dell Technologies gained 11.9% to $567.14, a tick under its 52-week high of $567.75, and is up 351% this year on price. HP Inc. added 8.4% to $35.48. Dell had fallen 5.3% on Thursday; HPE, 6.2%.

Oracle, reporting Thursday, posted fiscal first-quarter revenue of $19.3 billion against a $19.1 billion estimate and EPS of $1.92 against $1.74. RBC Capital Markets initiated coverage of Dell at Outperform. The semiconductor funds SOXX and SMH rose 1.9% and 1.5%.

The day's biggest single-stock moves sat outside the S&P 500. ACV Auctions, the wholesale vehicle marketplace, closed at $10.41, up 44%, after Copart agreed Thursday to pay $10.50 a share in cash. Frequency Electronics rose 42% to $88.38 after an earnings beat.

## Uranium, NuScale and the VIX

NuScale Power, the small-modular-reactor company, fell 15.7% to $8.60 after UBS cut it to Sell from Neutral and lowered its price target to $6 from $10. It is a 4.8% holding in NLR and 3.2% in the uranium fund URA, which dropped 3.3%. That does not explain the junior miners. URNJ does not hold NuScale. Paladin Energy, Denison Mines and NexGen Energy are 38% of the fund. Denison fell 6.5% to $3.02, Energy Fuels 4.9% to $12.96, and NexGen 3.5% to $9.85. The junior-miners fund fell 5.6% to $23.22, a second straight 5% session, and sits 43% below its 52-week high. URNM lost 4.1%.

VIXY fell 4.7% to $17.30, reversing Thursday's 3.4% rise as the VIX dropped back. Five days still leave it slightly positive.

Five sessions put BWET up **46%**. BNO is still up 9.8% over the same stretch, Friday included.

Source: etf.net, https://etf.net/news/tanker-fund-gains-12-as-crude-falls-and-dell-hpe-rally-2026-09-11. Please cite the page URL.