ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index ETN
An intraday "indicative value" is used to measure the intrinsic value of each ETN and is for reference purposes only. Note: The market price (the actual trading price) of ETNs may be different from their indicative value.Current Indicative Value
- 03/28/2017 | 11:36 am
- USD 21.08
- Last close USD 20.81
|Primary exchange||NYSE Arca|
|Initial trade date||5/24/2011|
|Annual Tracking Rate||0.85%, accrued on a daily basis|
|Underlying Index||Wells Fargo Business Development Company Index|
See 'Key Considerations' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.
About the ETN
The ETRACS 2xLeveraged Long Wells Fargo Business Development Company Index is designed to track a leveraged investment in the Wells Fargo Business Development Company Index (the "Index"), and pay a variable quarterly coupon linked to the leveraged cash distributions associated with the underlying Business Development Company ("BDC") constituents, less financing costs and investor fees.