Bulker shares surged in New York on Friday as broader stock markets gained and investors took a liking to signs that China lockdown pains are poised to ease.
The Breakwave Dry Bulk Shipping Exchange Traded Fund jumped 4.7% during the day to reach $7.72, according to data from Yahoo Finance.
But the measure of bulker stock strength seesawed over a week in which it also touched its lowest level of the year, and its latest close was only a penny higher than the reading on the prior Friday.
