ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN (FEDL)
ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $55.71, up 0.00% on the session, giving a market capitalisation of $17.3M. Its beta of 1.97 implies it has historically moved more than the broad market.
FEDL provides investors with twice the compounded quarterly performance of an underlying index. This index is constructed to identify and invest in leading U.S. large-cap securities that the issuer believes are best suited to benefit from the current economic and monetary conditions. A unique, proprietary framework is employed to categorize the prevailing monetary environment as either expansionary, restrictive, or indeterminate. The top 500 stocks listed on the NYSE are then assessed using various fundamental indicators to determine their potential advantage in the existing monetary climate, with the 75 highest-scoring companies chosen for the index. These selected constituents are weighted primarily based on their scores, with additional adjustments made for market liquidity, individual stock caps, and sector concentration. The index undergoes rebalancing whenever a shift in the identified monetary environment occurs. It is crucial to understand that, as a leveraged Exchange Traded Note (ETN), FEDL is intended strictly for short-term trading purposes and carries the credit risk of its issuer, UBS AG, London Branch.
ETRACS 2x Leveraged IFED Invest with the Fed TR Index ETN is most often compared with the following Financial Services names: