iPath Series B Bloomberg Cotton Subindex Total Return ETN (BAL)
iPath Series B Bloomberg Cotton Subindex Total Return ETN operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $61.00, down 0.29% on the session, giving a market capitalisation of $4.8M. Its beta of 1.17 implies it has historically moved more than the broad market.
This Exchange Traded Note (ETN) provides investors with exposure to commodity markets by tracking futures contracts, rather than offering direct ownership of the physical goods themselves. The benchmark index that this ETN aims to replicate is composed of one or more futures agreements on the designated commodity. Its objective is to mirror the potential returns generated from two sources: firstly, a straightforward, unleveraged investment in those specific futures contracts, and secondly, the interest income that could be accrued from cash collateral placed in particular Treasury Bills.
iPath Series B Bloomberg Cotton Subindex Total Return ETN is most often compared with the following Financial Services names: