DB Base Metals Double Short ETN (BOM) is an exchange-traded note issued by Deutsche Bank AG (London) that seeks to track 200% of the inverse daily performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index - Optimum Yield Industrial Metals Excess Return. The underlying index is a rules-based benchmark composed of futures contracts on the most liquid base metals, including aluminum, copper and zinc; the ETN provides leveraged short exposure to these industrial metals commodity markets through derivatives such as futures contracts, supplemented by returns from the DB 3-Month T-Bill Index. Traded on U.S. exchanges like NYSE Arca, the senior, unsecured debt obligation matures on June 1, 2038, and targets sophisticated investors seeking to profit from declines in base metals prices amid factors like supply chain disruptions, geopolitical events or weakening global demand.
Launched on June 16, 2008, and domiciled in the United States, the ETN was formerly known as PowerShares DB Base Metals Double Short ETN, reflecting an early branding alliance with PowerShares prior to its transition under the Deutsche Bank marque. It operates within the leveraged commodities segment, primarily serving institutional and retail traders focused on short-term bearish strategies on industrial metals used in construction, manufacturing and infrastructure; geographic exposure aligns with global futures markets traded on exchanges like the London Metal Exchange and COMEX.
No major partnerships, funding rounds, acquisitions or new product launches have been announced for the ETN in the last 1-2 years; however, it remains a legacy product in Deutsche Bank's suite of commodity-linked ETNs, with recent trading activity showing stable pricing around $7.99 as of December 2025 amid low institutional ownership and no reported delistings specific to BOM.