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UBS E-TRACS Mthly Pay 2x Mortg REIT ETN (MORL)

-NYSEArca

22.12 Down 1.36(5.79%) Jun 19, 4:00PM EDT

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UBS E-TRACS Mthly Pay 2x Mortg REIT ETN


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Index Membership:N/A
Sector:N/A
Industry:N/A
Full Time Employees:N/A

Business Summary 

The investment seeks to link to the Market Vectors® Global Mortgage REITs Index. The index tracks the overall performance of publicly-traded mortgage REITs that derive at least 50% of their revenues from mortgage-related activities. The Securities are senior unsecured debt securities issued by UBS AG (UBS). The Securities provide a monthly compounded two times leveraged long exposure to the performance of the Index, reduced by the Accrued Fees.