SEA Sets Sail On Second Sojourn

After an abrupt delisting and liquidation following the close of April 27, 2010, SEA is back in action today (6/11/2010).  Today’s press release says the Claymore Shipping ETF (SEA) will carry the same ticker symbol and underlying index of its predecessor Claymore/Delta Global Shipping Index ETF. The underlying index from Delta Global Advisors uses a modified dividend weighting mechanism.  The fund holds 30 stocks, with the largest being Seaspan 4.8%, Teekay Shipping 4.8%, Teekay LNG Partners 4.4%, Frontline 4.4%, and Teekay Tank Class A 4.4%. The SEA summary page has additional information including the country weighting which is topped by Greece 18.6%, U.S. 12.3%, Bermuda 10.3%, Japan 10.2%, and Hong Kong 10.0%.  Sector representation is listed as 63.9% Industrials and 36.1% Energy.  The fund will carry a 0.65% expense ratio.…