ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN
- Current Indicative Value
- 12/20/2024 | 06:59 pm
- USD 30.22
- Current Spot Price USD 30.16
- 12/20/2024 | 04:10 pm
Profile
CUSIP | 90278V602 |
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 | MSCI USA Momentum GR 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 MSCI US Momentum Factor TR ETN is designed to provide 2 times leveraged long exposure to the compounded quarterly performance of the MSCI USA Momentum GR USD Index, less financing costs and tracking fees. The underlying total return index is designed to reflect the performance of an equity momentum strategy over the MSCI USA Index by emphasizing stocks with high price momentum, while maintaining reasonably high trading liquidity, investment capacity and moderate index turnover. The parent benchmark MSCI USA Index is designed to measure the performance of the large and mid-cap segments of the U.S. equity market.
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.