ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B (LMLB)
ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $9.75, down 1.17% on the session, giving a market capitalisation of $1.1M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product is engineered to deliver two times the magnified positive return (2x leveraged long) tied to the compounded monthly performance of the Wells Fargo Master Limited Partnership ex Energy Index. The underlying index is constructed to evaluate the performance of all non-energy master limited partnerships (MLPs) that are publicly traded on the New York Stock Exchange (NYSE), NYSE MKT, or NASDAQ, provided they maintain a market capitalization of at least $100 million. Consequently, these securities endeavor to mirror the monthly gains an investor could realize through a leveraged "long" position in the individual companies comprising the index.
ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Series B is most often compared with the following Financial Services names: