DB Crude Oil Double Short ETN (DTO)
DB Crude Oil Double Short ETN operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $56.21, down 42.05% on the session, giving a market capitalisation of $104.1M. Its beta of 4.98 implies it has historically moved more than the broad market.
This investment vehicle is designed to track, before any charges, 200% of the inverse daily performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield Oil Excess Return. It provides investors with a means to establish a "short" position, anticipating a decline in the index's value. The underlying index is a rules-based measure, composed of futures contracts on West Texas Intermediate (WTI) light sweet crude oil, and is intended to reflect the price movements of crude oil.
DB Crude Oil Double Short ETN is most often compared with the following Financial Services names: