UBS ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN (SMHD)
UBS ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $39.55, down 5.78% on the session, giving a market capitalisation of $478.7M. Its beta of 1.62 implies it has historically moved more than the broad market.
This investment aims to provide amplified (two-times) long exposure, compounded monthly, to the returns of its underlying index, after accounting for any accumulated fees. This fund is categorized as an ETRACS (Exchange Traded Access Securities) product, specifically from the Monthly Pay 2xLeveraged series, and its performance is tied to the price return version of the Solactive US Small Cap High Dividend Index. The index itself is composed of 100 relatively small-capitalization, high-dividend-yielding U.S. stocks, which are carefully selected from a broad pool of qualifying U.S.-listed equities.
UBS ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN is most often compared with the following Financial Services names: