The Copper ETN, Up 4.8%, Was Friday’s Top Performing ETF

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February 10, 2017 5:15pm NYSE:JJC

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The iPath Bloomberg Copper Sub-Index Total Return ETN (JJC) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today on a percentage basis, producing a +4.83% one-day return and outperforming the wider markets by a total of 4.44 percentage points.


Behind The Gains

JJC closed today at $32.15 per share, up $1.48 (+4.83%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.91 (+0.39%) on the day.

JJC’s trading volume today was a total of 238,959 shares, which was an increase of 280% versus its average daily trading volume of 62,838. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as today’s gains, JJC has now gained a total of 11.75% year-to-date, versus a 3.57% gain in the S&P 500 during the same timeframe.

A Look Under The Hood

iPath Bloomberg Copper Sub-Index Total Return ETN is a Commodity-focused product issued by iPath. Its expense ratio of 0.75% makes it the #53 cheapest ETF among 120 total funds in the Commodity ETFs category.

JJC currently boasts $64.04M in assets under management (AUM), placing it #44 of 120 ETFs in its category, and #1001 of 1916 total ETFs in the U.S. exchange traded universe.

The investment objective of the iPath Dow Jones-UBS Copper Subindex Total Return ETN is to provide investors with exposure to the Dow Jones-UBS Copper Subindex Total Return. With copper prices surging on the day, JJC responded with some major gains.

JJC SMART Grade

JJC currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #30 of 121 funds in the Commodity ETFs category.

For more information about this ETF, including full ratings, news, data, and more, please visit JJC’s ticker page.

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