Shares of iPath Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN (NYSEARCA:GAZ – Get Free Report) dropped 0.3% during trading on Monday . The stock traded as low as $9.71 and last traded at $9.74. Approximately 10,100 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 159,208 shares. The stock had previously closed at $9.77.
iPath Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN Trading Down 0.3 %
The company’s 50 day moving average price is $9.74 and its 200-day moving average price is $9.74.
About iPath Series B Bloomberg Natural Gas Subindex Total ReturnSM ETN
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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