UBS ETRACS CMCI Silver Total Return ETN (USV)
UBS ETRACS CMCI Silver Total Return ETN operates in the Asset Management industry of the Financial Services sector. The stock last traded at $31.75, down 7.22% on the session, giving a market capitalisation of $1.4M. Its beta of 0.81 implies it has historically moved less than the broad market.
This ETN, USV, is designed to mirror the financial performance of its benchmark index, the UBS Bloomberg CMCI Silver Total Return Index, prior to accounting for fees and operating expenses. Its structure aims to reflect the full spectrum of silver prices across various future delivery dates, essentially capturing the entire liquid forward curve of silver contracts. The underlying index itself is designed to gauge the total collateralized returns generated by a diversified collection of silver futures contracts. These specific contracts are drawn from the broader CMCI framework and are selected to cover five distinct maturity periods.
UBS ETRACS CMCI Silver Total Return ETN is most often compared with the following Financial Services names: