iPath US Treasury Long Bond Bear ETN (DLBS)
iPath US Treasury Long Bond Bear ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $3.25, down 65.97% on the session, giving a market capitalisation of $21.1M. Its beta of -16.03 implies it has historically moved less than the broad market.
This investment aims to provide investors with performance that inversely mirrors the Barclays Long Bond US Treasury Futures Targeted Exposure Index™. This benchmark index is structured to decline when long-dated U.S. Treasury bond yields ascend, and conversely, to appreciate when those yields descend. Its design ensures a predetermined degree of responsiveness to shifts in the yield of the current "cheapest-to-deliver" bond, which underpins the relevant long-dated Treasury futures contracts.
iPath US Treasury Long Bond Bear ETN is most often compared with the following Financial Services names: