iPath Series B Bloomberg Nickel Subindex Total Return ETN (JJN)
iPath Series B Bloomberg Nickel 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 $28.40, up 0.00% on the session, giving a market capitalisation of $18.4M. Its beta of 1.40 implies it has historically moved more than the broad market.
This Exchange Traded Note (ETN) offers investors access to commodity markets through futures contracts, rather than directly owning or tracking the physical goods themselves. The benchmark index this ETN aims to replicate is constructed from one or more futures agreements tied to the specific commodity. It is designed to capture the comprehensive returns available from two primary sources: first, an un-leveraged investment in these futures; and second, the interest yield generated from cash collateral, which is typically allocated to specified U.S. Treasury Bills.
iPath Series B Bloomberg Nickel Subindex Total Return ETN is most often compared with the following Financial Services names: