UBS ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN (HOML)
UBS ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $8.44, down 21.49% on the session, giving a market capitalisation of $2.6M. Its beta of 1.94 implies it has historically moved more than the broad market.
This Exchange Traded Note (ETN), known as the ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN and scheduled to mature on March 13, 2045, aims to provide investment outcomes that correspond to the overall return of the ISE Exclusively Homebuilders Index. This specific index is dedicated entirely to tracking the performance of companies in the home construction sector. The note is structured to offer a magnified, two-times (2x) leveraged position reflecting the index's movements, with this leverage being reset and compounded on a monthly basis, and subject to a reduction for any accumulated fees.
UBS ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN is most often compared with the following Financial Services names: