VelocityShares Short LIBOR ETN
DLBR
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Aug 15, 2017
- Similar Companies
- Business
- VelocityShares Short LIBOR ETN (DLBR) is an exchange-traded note issued by Citigroup Global Markets Holdings Inc. that provides investors with exposure to the inverse daily performance of the Janus Velocity Short LIBOR Index, which tracks a hypothetical short position in the composite forward LIBOR rate. The ETN offers a leveraged investment vehicle targeting fixed income markets tied to short London Interbank Offered Rate (LIBOR) movements, with an expense ratio of 1.50%; it trades on the NYSE Arca exchange under the ticker DLBR. Citigroup Global Markets Holdings Inc., the issuer and a subsidiary of Citigroup Inc., guarantees the ETN's obligations and operates globally from its headquarters in New York, New York, where the parent company Citigroup was formed in 1998. The ETN's core offering focuses on delivering returns approximating the daily inverse performance of LIBOR futures, enabling investors to speculate on or hedge against declining short-term interest rates in U.S. dollar LIBOR markets; it does not pay dividends but accrues value based on index performance minus fees. As part of Citigroup's broader structured products portfolio, DLBR complements related offerings such as the VelocityShares Long LIBOR ETN (ULBR), both launched in August 2017 through a collaboration with Janus Henderson. The product serves institutional and retail traders seeking tactical exposure to interest rate volatility, primarily in North American markets, with no physical assets or subsidiaries directly tied to the ETN. In recent developments, the ETN's scheduled maturity was confirmed as August 16, 2032, with ongoing listings and trading activity reflected in 52-week price ranges from $18.44 to $44.90 as of late 2025, amid transitioning LIBOR benchmarks post-phaseout. Citigroup Global Markets Holdings Inc. continues to support the ETN series through SEC filings, including updates in 2020 and 2024 that reaffirmed its active status and guaranty by parent Citigroup Inc., with no reported redemptions, accelerations, or early calls within the last two years. The issuer maintains global operations across investment banking, securities brokerage, financial advisory, research, and capital raising services for corporations, governments, and individuals in over 160 countries.