iPath Pure Beta Crude Oil ETN (OLEM)
iPath Pure Beta Crude Oil ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $12.58, down 1.45% on the session, giving a market capitalisation of $31.3M. Its beta of 2.07 implies it has historically moved more than the broad market.
This exchange-traded note (ETN) is designed to provide investors with exposure to the performance of the Barclays WTI Crude Oil Pure Beta Total Return Index. This index aims to reflect the potential returns achievable through holding unleveraged positions in crude oil futures contracts. Its strategy allows for the dynamic selection of various futures contracts with differing expiration dates, all governed by the specific framework of the Barclays Pure Beta Series 2 Methodology.
iPath Pure Beta Crude Oil ETN is most often compared with the following Financial Services names: