The iPath Bloomberg Nickel Sub-Index Total Return ETN (JJN) underperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today, producing a -5.69% one-day return and trailing the wider markets by a total of 5.97 percentage points.
Behind The Gains
JJN closed today at $12.10 per share, down $0.73 (-5.69%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed up $0.64 (+0.28%) on the day.