iPath Series B Bloomberg Grains Subindex Total Return ETN (NYSEARCA:JJG) Trading Down 0.7% – Here’s What Happened

Shares of iPath Series B Bloomberg Grains Subindex Total Return ETN (NYSEARCA:JJGGet Free Report) dropped 0.7% during trading on Monday . The company traded as low as $70.51 and last traded at $70.51. Approximately 1,100 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,581 shares. The stock had previously closed at $71.04.

iPath Series B Bloomberg Grains Subindex Total Return ETN Stock Down 0.7 %

The stock has a 50-day simple moving average of $70.51 and a 200 day simple moving average of $70.51.

iPath Series B Bloomberg Grains Subindex Total Return ETN Company Profile

(Get Free Report)

The investment seeks to replicate, net of expenses, the Shiller Barclays CAPETM US Core Sector Index. The index seeks to provide a notional long exposure to the top four relatively undervalued U.S. equity sectors that also exhibit relatively strong price momentum. It incorporates the CAPE (Cyclically Adjusted Price Earnings) ratio to assess equity market valuations of nine sectors on a monthly basis and to identify the relatively undervalued sectors represented in the S&P 500.

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