Since mid-April, the share price in the iPath DJ-UBS Livestock Total Return Sub-Index ETN (COW) has traded in a continual downward trend, taking the ETN from a high of $54.65 (April 15th) to a low of $44.51 (June 24th). In the past couple of days, the ETN has traded higher, underpinned by a stronger-than-average volume. Yesterday (June 26th), the ETN traded 12,830 shares compared to a 90-day average of 4,460 shares/day.
Source: Finviz.com
COW is a livestock ETN that tracks an index comprised of lean hogs and live cattle futures contracts. The significant