The new ETN is the eleventh double-leveraged income play from ETRACS, the ETN issuing unit of Swiss banking giant UBS. The firms other double-leveraged income ETNs include the ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSEArca: MORL), UBS E-TRACS 2x Wells Fargo Business Development Company Index ETN (NYSEArca: BDCL) and the ETRACS Monthly Pay 2xLeveraged Diversified High Income ETN (NYSEArca: DVHL).
Solactive US Small Cap High Dividend Index
Chart Courtesy: Solactive
ETF Trends editorial team contributed to this post.