iPath Pure Beta Industrial Metals ETN
HEVY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Apr 21, 2011
- Website
- barclaysinvestments.co.uk
- Similar Companies
- Business
- iPath® Pure Beta Industrial Metals ETN (HEVY) is an exchange-traded note issued by Barclays Bank PLC that seeks to track the performance of the Barclays Commodity Index Industrial Metals Pure Beta TR, providing investors exposure to futures contracts on industrial metals including aluminum, nickel, copper, and zinc. The ETN offers a volatility-controlled benchmark for the industrial metals commodity sector, serving institutional and retail investors interested in commodity-linked debt securities without physical asset ownership. Launched on April 20, 2011, and domiciled in the United States with a scheduled maturity of April 18, 2041, the product operates primarily in U.S. and global financial markets through NYSE Arca listing. Barclays Bank PLC, headquartered in London, United Kingdom, serves as the issuer and distributor via Barclays Capital Inc., with the ETN functioning as an unsecured senior debt obligation backed solely by the issuer's creditworthiness. The note targets investors seeking pure beta exposure to industrial metals price movements, adjusted for volatility targeting to mitigate excess risk compared to spot returns. In recent developments, Barclays conducted cash tender offers and consent solicitations for various iPath ETNs, including amendments enabling issuer call options and redemptions; for instance, in September 2025, results were announced for two series with revised indentures affecting holder redemption rights. Notably, on June 12, 2025, Barclays declared full redemption of four iPath ETN series (specific tickers not including HEVY confirmed), set for June 25, 2025, with valuation on June 17, 2025, providing cash payments based on closing indicative note values amid ongoing portfolio management. However, HEVY has been marked as defunct since May 13, 2018, per certain records, and ceased operations as of April 12, 2018, with no active trading or issuance thereafter, reflecting Barclays' strategic wind-down of legacy commodity ETN lines.