UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN (BDCL)
UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $2.44, down 0.41% on the session, giving a market capitalisation of $20.8M. Its beta of 2.69 implies it has historically moved more than the broad market.
This investment vehicle's objective is to deliver a return that is twice the performance of the Wells Fargo Business Development Company Index, net of all associated expenses. The underlying index is a float-adjusted, market-capitalization-weighted benchmark designed to track the performance of all Business Development Companies (BDCs) listed on the New York Stock Exchange or NASDAQ that meet specific criteria for market value and other eligibility requirements. BDCs typically generate revenue by providing loans to small and medium-sized enterprises at high-yield rates, sometimes also acquiring equity stakes in these businesses.
UBS ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN is most often compared with the following Financial Services names: