UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (MORL)
UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $0.24, down 4.44% on the session, giving a market capitalisation of $282.8M. Its beta of 1.25 implies it has historically moved more than the broad market.
This financial product is designed to track the returns of the Market Vectors Global Mortgage REITs Index. This underlying index measures the aggregate performance of publicly listed mortgage Real Estate Investment Trusts (REITs) that generate at least 50% of their revenue from activities related to mortgages. These instruments are senior unsecured debt obligations, issued by UBS AG. Investors in these securities receive two times (2x) magnified long exposure to the index's performance, compounded monthly, after the deduction of any accrued fees.
UBS ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN is most often compared with the following Financial Services names: