iPath US Treasury 5-year Bull ETN (DFVL)
iPath US Treasury 5-year Bull ETN operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $83.77, up 3.37% on the session, giving a market capitalisation of $476,707. Its beta of 1.94 implies it has historically moved more than the broad market.
This investment vehicle is designed to offer investors exposure to the performance of the Barclays 5Y US Treasury Futures Targeted Exposure Index™. The index itself is structured to move inversely to fluctuations in 5-year U.S. Treasury note yields; its value increases when these yields fall and decreases when they climb. Furthermore, the index maintains a specific, predefined level of responsiveness to shifts in the yield of the particular "cheapest-to-deliver" note associated with the current 5-year Treasury futures contract.
iPath US Treasury 5-year Bull ETN is most often compared with the following Financial Services names: