Cotton ETN (BAL) Hits a 52-Week High

iPath Series A Bloomberg Cotton Subindex Total Return ETN BAL is a good pick for investors who are looking for momentum. This fund has just reached a 52-week peak and is now up 48.7% compared to its low 52-week price of $38.55/share.
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Let's take a look on the fund and its near term outlook to get an idea of where it may be heading.

BAL in Focus

This fund provides exposure to the Bloomberg Cotton Subindex Total return. The fund has an AUM of $16.6 Million and charges 45 basis point in annual fees.

Why is it important to move?

According to an article at, U.S. cotton exports reached 16.4 million bales for the first time in 15 years. This was due to a rise in global imports. China's State Reserve drove a significant portion of the demand for cotton in the world's largest economy. Funds like BAL are attractive investments because of this.

Are You Ready for More?

The fund appears to be strong with a positive weighted beta of 44.84 which suggests a rally.

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iPath Series A Bloomberg Cotton Subindex Total Return ETN (BAL),: ETF Research reports

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