DB Crude Oil Short ETN (SZO)
DB Crude Oil Short ETN operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $55.69, down 7.18% on the session, giving a market capitalisation of $439,728. Its beta of 2.02 implies it has historically moved more than the broad market.
This investment product aims to replicate the inverse price and yield movements of the Deutsche Bank Liquid Commodity Index - Optimum Yield Oil Excess Return, prior to fees and expenses. It is structured for investors who wish to take a "short" position, meaning they would benefit if the underlying index declines. The index itself is a rules-based measure, derived from futures contracts on West Texas Intermediate (WTI) crude oil, and is designed to reflect the broader performance of crude oil.
DB Crude Oil Short ETN is most often compared with the following Financial Services names: