|Bid||0.00 x 1300|
|Ask||0.00 x 1200|
|Day's Range||8.30 - 8.40|
|52 Week Range||8.18 - 10.33|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-17.43%|
|Beta (5Y Monthly)||1.49|
|Expense Ratio (net)||0.65%|
Global shipping sector-related ETFs are sinking as many anticipate a slowdown in China with the deadly coronavirus outbreak stalling the second largest economy in the world. SEA tries to reflect the performance of the Dow Jones Global Shipping Index, which measures the performance of high dividend-paying companies in the global shipping industry. The shipping segment has suffered as factories were shutdown across China, the world's largest consumer of commodities, and travel restrictions were put in place to control the spread of the coronavirus outbreak, the Financial Times reports.
Rising Middle-East tensions are expected to lead to higher freight costs for oil tankers, making shipping ETF an attractive investment option.
Apart from biotech, these ETFs are seeing solid momentum in the ongoing quarter.