iPath® Series B Bloomberg Cotton Subindex Total Return ETN (BAL)

64.69
Delayed Data
As of Aug 04
 -3.39 / -4.97%
Today’s Change
48.95
Today|||52-Week Range
93.03
+1.13%
Year-to-Date

Investment Objective

The investment seeks return linked to the performance of the Bloomberg Cotton Subindex Total ReturnSM. The ETN offers exposure to futures contracts and not direct exposure to the physical commodities. The index is composed of one or more futures contracts on the relevant commodity (the “index components“) and is intended to reflect the returns that are potentially available through (1) an unleveraged investment in those contracts plus (2) the rate of interest that could be earned on cash collateral invested in specified Treasury Bills.

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Performance

1 month+3.00% 3 years+22.86%
3 months-24.28% 5 years--
1 year+32.02% Since inception+6.29%
Data through 08/06/2022

Quote Details

Previous close$68.08
Open day’s range64.20 – 64.69
Net asset value (NAV)66.00 (08/05/2022)
Daily volume1,175
Average volume (3 months)6,716
Data as of 1:20pm ET, 08/04/2022

Peer Comparisonvs. Commodities focused ETFs

 BALCategory
Performance 5-yr return--+7.19%
Expense Gross exp ratio0.45%0.73%
Risk 5 year sharpe ratio--0.34
Net assets$33.6M$2.3B
Average market cap--$53.1B
Average P/E--10.2
Dividend / Share--2.28%

Competitors

TAGS Teucrium Agricultural Fund
JJA iPath® Series B Bloomberg Agriculture S...
JJE iPath® Series B Bloomberg Energy Subind...

Holdings

Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.