Sea to Sky ETF Rises as Money Flows Out

ETF Overview and Capital Flows

SEA.P, the U.S. Global Sea to Sky Cargo ETF, targets global water and air cargo companies through a passive, tiered index strategy. Its structure weights stocks based on fundamental scores, focusing on the Industrials sector. Recent fund flows show a net outflow of $20 million across retail and institutional orders as of Jan. 27, 2026, signaling short-term disinterest despite its 52-week high.

Technical Signals and Market Setup

The ETF’s RSI hit overbought territory on Jan. 29, 2026, suggesting potential for a near-term correction or sustained momentum. No other technical indicators—like moving averages or MACD—are available to confirm a broader trend. The overbought signal alone raises questions about whether the rally reflects durable demand or a short-term trade.

Peer ETF Snapshot

• APMU.P charges 0.37% and holds $213M in assets.
• AGGS.P has a 0.35% expense ratio and $38M in AUM.
• ANGL.O, with a 0.25% fee, manages $3B, the largest among peers.
• AGG.P, the cheapest at 0.03%, commands $138B, dwarfing others in scale.

Opportunities and Structural Constraints

The ETF’s 0.6% expense ratio and 1.0 leverage ratio position it as a mid-cost leveraged play on cargo logistics. Its recent overbought RSI and outflows highlight a tug-of-war between momentum traders and cautious investors. While structural constraints like costs and leverage remain fixed, the fund’s performance will hinge on sector-specific catalysts—not broader market trends.