DB Base Metals Double Long ETN (BDD)
DB Base Metals Double Long ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $7.70, down 1.28% on the session, giving a market capitalisation of $780,056. Its beta of 1.35 implies it has historically moved more than the broad market.
This investment product is designed to offer investors amplified exposure, delivering a double (200%) leveraged daily return relative to the Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals Excess Return, calculated prior to any fees or expenses. It provides a means for participants to take a magnified daily view on the performance of the industrial metals market. The benchmark itself is a systematically constructed index, comprising futures contracts linked to several highly liquid and widely used base metals, including aluminum, zinc, and copper.
DB Base Metals Double Long ETN is most often compared with the following Financial Services names: