iPath Series B Bloomberg Energy Subindex Total Return ETN (JJE)
iPath Series B Bloomberg Energy Subindex Total Return ETN operates in the Asset Management - Global industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $42.35, up 1.72% on the session, giving a market capitalisation of $795,757. Its beta of 1.76 implies it has historically moved more than the broad market.
This Exchange Traded Note (ETN) grants investors access to commodity futures agreements, explicitly not direct exposure to the physical commodities themselves. Its underlying index, which is constructed from one or more futures contracts pertaining to the specific commodity, aims to replicate potential returns. These returns are derived from two sources: an unleveraged investment in those futures contracts, combined with the interest income generated by cash collateral held in designated Treasury Bills.
iPath Series B Bloomberg Energy Subindex Total Return ETN is most often compared with the following Financial Services names: