iPath US Treasury 2-year Bull ETN (DTUL)
iPath US Treasury 2-year Bull ETN operates in the Asset Management - Bonds industry of the Financial Services sector. The stock last traded at $75.39, up 18.31% on the session, giving a market capitalisation of $6.3M. Its beta of 2.14 implies it has historically moved more than the broad market.
This investment vehicle's objective is to grant investors access to the performance of the Barclays 2Y US Treasury Futures Targeted Exposure Index™. This index is designed to exhibit an inverse relationship with 2-year U.S. Treasury note yields, meaning it will decline when yields increase and rise when yields decrease. It also aims to sustain a consistent level of responsiveness to fluctuations in the yield of the current "cheapest-to-deliver" note linked to the corresponding 2-year Treasury futures contract.
iPath US Treasury 2-year Bull ETN is most often compared with the following Financial Services names: