iPath Series B Bloomberg Agriculture Subindex Total Return ETN (JJA)
iPath Series B Bloomberg Agriculture Subindex Total Return ETN operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $24.60, down 0.22% on the session, giving a market capitalisation of $9.6M. Its beta of 0.65 implies it has historically moved less than the broad market.
This ETN provides a way to gain exposure to agricultural commodity markets by tracking the performance of futures contracts, rather than involving direct ownership of the physical goods themselves. The underlying index, which the ETN aims to replicate, is constructed from one or more futures contracts on relevant commodities. Its overall return is designed to reflect both the potential gains from an unleveraged position in these futures agreements and the interest income that could be generated from cash reserves held in specified Treasury Bills as collateral.
iPath Series B Bloomberg Agriculture Subindex Total Return ETN is most often compared with the following Financial Services names: