Barclays Bank PLCBarclays Bank PLCBarclays Bank PLC

Barclays Bank PLC

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About Barclays Bank PLC

ISIN
US06738G4073
This ETN was delisted after the market close on April 12, 2018, and now trades over-the-counter on the pink sheets. As a result, shareholders should anticipate ultra-wide spreads, minimal trading volumes, and prices well above or below NAVs. The note has been replaced by JJMB, which provides identical exposure. JJM tracks an index of four contracts in the industrial metals space: aluminum, nickel, zinc, and copper. These contracts are weighted by a combination of liquidity and production, with a 33% cap per contract. Contract maturities range from one to three months, depending on the commodity, according to a fixed schedule. Noticeably, JJM excludes exposure to lead (unlike our benchmark), but that is not too surprising considering the exclusion of lead is common in the industrial metals space. JJM is an unpopular fund in an unpopular segment. Though ETNs rarely close, JJM is at risk of being de-listed. While reasonably priced in context, the note is difficult to trade, raising round trip costs. As an ETN, JJM does not issue a K-1 form at tax time, though investors must accept the counterparty risk of issuer Barclays.
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy