Coffee ETF (JO) Hits New 52-Week High
Investors seeking momentum may have iPath Series B Bloomberg Coffee Subindex Total Return ETN
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
iPath Series B Bloomberg Coffee Subindex Total Return ETN
The underlying Bloomberg Coffee Subindex Total Return reflects the returns that are potentially available through an unleveraged investment in the futures contracts on coffee. iPatha.B Coffee Subindex TR ETN charges 45 bps in fees.
Why The Move?
Coffee prices are super-hot lately as a supply crunch from Brazil to Vietnam pushed coffee prices to a seven-year high. Inclement weather, shipping disruptions and rising fertilizer costs are weighing on supplies.
The latest rally came after a decline in certified stockpiles in Brazil. In addition, early projections for Brazil’s 2022 crop indicate that
More Gains Ahead?
The fund has a
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