UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B (MLPZ)
UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $3.94, down 0.13% on the session, giving a market capitalisation of $12.6M. Its beta of 2.00 implies it has historically moved more than the broad market.
This investment aims to provide two times the leveraged long exposure to the compounded monthly performance of the S&P MLP Index. The index is specifically formulated to measure leading Master Limited Partnerships (MLPs) and Limited Liability Companies (LLCs) that trade on significant U.S. stock exchanges. Given that most publicly traded partnerships operate within the oil and gas sectors, the index primarily concentrates on entities categorized under the Global Industry Classification Standard (GICS) Energy Sector and the GICS Gas Utilities Industry.
UBS ETRACS 2xMonthly Leveraged S&P MLP Index ETN Series B is most often compared with the following Financial Services names: