UBS ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN (HDLV)
UBS ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $6.48, down 1.52% on the session, giving a market capitalisation of $16.6M. Its beta of 1.34 implies it has historically moved more than the broad market.
This investment product is structured to mirror the performance of the Solactive US High Dividend Low Volatility Index, focusing on its price return. It offers investors monthly compounded exposure, magnified two times (2x), to the index's performance, adjusted for any accrued fees. The underlying index itself comprises 40 U.S. listed securities, carefully selected from the largest 1,000 by market capitalization, based on their dividend-paying characteristics and relatively lower volatility.
UBS ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN is most often compared with the following Financial Services names: