DB Commodity Double Long ETN (DYY)
DB Commodity Double Long ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $2.13, up 1.18% on the session, giving a market capitalisation of $575,154. Its beta of 1.95 implies it has historically moved more than the broad market.
This investment product is designed to achieve, after accounting for fees, a daily return that is double the performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield. This underlying index is structured to track shifts in the market value of several specific commodity futures contracts, including those tied to crude oil, heating oil, corn, wheat, gold, and aluminum. Additionally, the T-Bill Index provides an estimate of the yields generated by a continuous investment strategy in 3-month United States Treasury bills.
DB Commodity Double Long ETN is most often compared with the following Financial Services names: