ETF Trends
ETF Trends

Green Mountain Coffee Roasters (NasdaqGS: GMCR) shares jumped more than 20% Wednesday on upbeat quarterly results, but an exchange traded note (ETN) tracking coffee futures fell sharply.

“Green Mountain confirmed demand remains strong by reporting better than expected revenues on robust brewer sales,” said Dougherty & Co. in a note. “Confidence in profitability growth was enhanced with a major margin inflection despite higher input costs.”

One of the firm’s major input costs was declining Wednesday. The iPath Dow Jones-UBS Coffee ETN (NYSEArca: JO) was down 3% in recent trading. The coffee ETN entered the session with a gain of roughly 25% this year on supply worries and stronger demand from emerging markets.

iPath Dow Jones-UBS Coffee ETN

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