The $53 million iPath Dow Jones-UBS Coffee Subindex Total Return ETN (NYSEArca: JO) was among the largest percentage gainers Thursday morning, rising nearly 3% as traders sipped their morning java.
The coffee-futures exchange traded note entered Thursday’s trading with a gain of more than 10% so far this year.
Base metals exchange traded funds (ETFs) tacked on more gains following Wednesday’s rally. [Copper ETFs Take Point On Metals Charge.]
The iPath Dow Jones-UBS Base Metals Subindex Total Return ETN (NYSEArca: JJM) and iPath Dow Jones-UBS Nickel Subindex Total Return ETN (NYSEArca: JJN) were both up over 2% in morning action Thursday.
PowerShares DB Base Metals Fund (NYSEArca: DBB)