DB Base Metals Double Short ETN (BOM)
DB Base Metals Double Short ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $7.99, up 0.00% on the session, giving a market capitalisation of $287,045. Its beta of 1.21 implies it has historically moved more than the broad market.
This investment aims to deliver a daily return equal to 200% of the inverse performance of the Deutsche Bank Liquid Commodity index - Optimum Yield Industrial Metals Excess Return, prior to accounting for any fees or expenses. It offers investors a means to take a bearish stance on the industrial metals sector. The benchmark itself is a rules-based index, built from futures contracts tied to highly liquid and frequently traded base metals, such as aluminum, zinc, and copper.
DB Base Metals Double Short ETN is most often compared with the following Financial Services names: