VelocityShares Short LIBOR ETN (DLBR)
VelocityShares Short LIBOR ETN operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $40.17, down 0.94% on the session, giving a market capitalisation of $2.4M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product is designed to track the performance of the Janus Velocity Short LIBOR Index. The Short LIBOR Index itself endeavors to mimic the daily returns one would experience from a theoretical short sale of the composite forward LIBOR rate, essentially treating this rate as a tradable asset. It achieves this by maintaining a notional long position in Eurodollar futures contracts, which are meticulously rebalanced on a daily basis. This recalibration ensures that the fund's return for the upcoming Index Business Day closely approximates the inverse percentage change of the composite forward LIBOR rate for that same period, while also operating under the constraint of a specific short LIBOR floor.
VelocityShares Short LIBOR ETN is most often compared with the following Financial Services names: