iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO)
iPath Series B Bloomberg Coffee 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 $54.00, down 1.22% on the session, giving a market capitalisation of $24.4M. Its beta of 0.40 implies it has historically moved less than the broad market.
This ETN provides investors with a way to gain exposure to the performance of futures contracts, but it does not offer direct access to the actual physical commodity. The underlying index is made up of one or more futures contracts pertaining to the specific commodity (known as "index components"). It is designed to emulate the potential profits that can be achieved from both (1) a straightforward investment in those contracts and (2) the interest yield obtainable from cash collateral placed in particular Treasury Bills.
iPath Series B Bloomberg Coffee Subindex Total Return ETN is most often compared with the following Financial Services names: