iPath Series B Bloomberg Grains Subindex Total Return ETN (JJG)
iPath Series B Bloomberg Grains 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 $70.51, up 0.00% on the session, giving a market capitalisation of $13.3M. Its beta of 0.67 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) offers investors a way to participate in the performance of commodity futures contracts, without involving direct ownership or investment in the physical commodities themselves. The underlying index, which defines the ETN's exposure, is constructed from one or more futures contracts related to the particular commodity. This index aims to replicate the total returns achievable from two main components: primarily, the gains or losses from an unleveraged holding of these futures contracts, combined with the interest income that would typically be generated from cash collateral held in specific U.S. Treasury Bills.
iPath Series B Bloomberg Grains Subindex Total Return ETN is most often compared with the following Financial Services names: