iPath Series B Bloomberg Livestock Subindex Total Return ETN (COW)
iPath Series B Bloomberg Livestock 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 $39.87, up 0.00% on the session, giving a market capitalisation of $10.9M. Its beta of 0.06 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) allows investors to gain exposure to the performance of livestock futures contracts, rather than directly investing in or owning the physical commodities themselves. The benchmark index, which this ETN is designed to track, is composed of one or more specific futures agreements on the relevant commodity. Its objective is to reflect the comprehensive returns that could be achieved through two primary components: (1) an investment in these futures contracts, without the use of leverage, and (2) the interest income that would be earned from cash held as collateral, invested in particular U.S. Treasury Bills.
iPath Series B Bloomberg Livestock Subindex Total Return ETN is most often compared with the following Financial Services names: