iPath Series B Bloomberg Aluminum Subindex Total Return ETN (JJU)
iPath Series B Bloomberg Aluminum 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 $45.88, up 0.00% on the session, giving a market capitalisation of $5.4M. Its beta of 0.87 implies it has historically moved less than the broad market.
This Exchange Traded Note (ETN) provides investors with exposure to the financial performance of commodity futures agreements, instead of direct ownership of the physical goods themselves. The index this ETN tracks is built from one or more futures contracts related to the specific commodity. Its purpose is to mirror the overall return potential available through two components: first, an unmagnified investment in those futures contracts, and second, the interest income that could be generated from cash held as collateral in U.S. Treasury Bills.
iPath Series B Bloomberg Aluminum Subindex Total Return ETN is most often compared with the following Financial Services names: