DB Commodity Double Long ETN
DYY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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 - Leveraged
- Address
- United States of America
- IPO Date
- Apr 28, 2008
- Similar Companies
- Business
- DB Commodity Double Long ETN (DYY) is an exchange-traded note issued by Deutsche Bank AG (London) that provides investors with leveraged exposure to commodity markets by seeking to replicate, net of expenses, twice the daily performance of the Deutsche Bank Liquid Commodity Index - Optimum Yield. The underlying index tracks long positions in futures contracts on six key commodities, including wheat, corn, light sweet crude oil, heating oil, gold, and aluminum; it employs an optimized yield strategy to mitigate the negative effects of contango in commodity futures markets. The ETN, which matures on April 1, 2038, offers a cost-effective vehicle for investors targeting leveraged returns in the agriculture, energy, and metals sectors without direct futures trading; it carries an expense ratio of 0.75% and is traded on U.S. exchanges under the ticker DYY, with a secondary OTC listing as DYYXF. Originally launched on April 28, 2008, as the PowerShares DB Commodity Double Long ETN, the product underwent a name change following the rebranding and transition from PowerShares (Invesco) sponsorship to direct issuance by Deutsche Bank AG (London); it is domiciled in Germany and operates primarily in U.S. and international capital markets accessible to retail and institutional investors seeking commodity leverage. No significant recent partnerships, acquisitions, funding rounds, or product launches specific to DYY have been reported in the last 1-2 years; however, Deutsche Bank as issuer continues to emphasize structured products and ETNs in its investment solutions portfolio amid broader strategic initiatives like capital distributions and revenue growth targets through 2025. The ETN remains a niche offering in the leveraged commodities segment, with assets under management around $543,000, reflecting its specialized focus on high-volatility commodity exposure rather than broad market participation.