ETRACS 2x Leveraged US Size Factor TR ETN
- Current Indicative Value
- 11/13/2024 | 07:00 pm
- USD 24.19
- Current Spot Price USD 24.15
- 11/13/2024 | 04:10 pm
Profile
CUSIP | 90278V404 |
Primary exchange | NYSE Arca |
Initial Trade Date | 2/05/2021 |
Maturity Date | 2/09/2051 |
Leverage | 2.00x |
Annual Tracking Fee Rate | 0.95%, accrued on a daily basis |
Annual Financing Fee Rate | 3m CME Term SOFR + 0.2616% adjustment + 0.95% |
Underlying Index | Russell 2000 TR USD Index |
See 'Key Risks' above as well as the 'Important legal information specific to ETRACS ETNs' link below for more information.
About the ETN
The ETRACS 2x Leveraged US Size Factor TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the Russell 2000 TR USD Index, less financing costs and tracking fees. The underlying total return index is intended to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.
Exchange-traded Notes are senior, unsecured, unsubordinated debt securities that provide investors with exposure to the total returns of various market indices, including those linked to stocks, bonds, commodities and/or currencies, less investor fees. ETRACS offers innovative investment products with easy access to markets and strategies that may not be readily available in the existing marketplace.