|Bid||13.37 x 1000|
|Ask||13.39 x 800|
|Day's Range||13.25 - 13.40|
|52 Week Range||11.40 - 15.37|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||26.02%|
|Beta (3Y Monthly)||1.14|
|Expense Ratio (net)||0.40%|
UBS AG announced today that it has filed a registration statement on Form F-4 to register proposed exchange offers (“Exchange Offers”) for eight ETRACS Series A ETNs (collectively, the “Series A ETNs”) for corresponding ETRACS Series B ETNs (collectively, the “Series B ETNs”), as set forth in Table-1 below. Upon commencement of the Exchange Offers, UBS AG intends to offer holders of the Series A ETNs the ability to voluntarily exchange their Series A ETNs on a one-for-one basis for the corresponding Series B ETNs, which are intended to be economically identical. Each of the Series A and Series B ETNs subject to the Exchange Offers are currently listed on NYSE Arca.
Investors could make a short-term bullish play on the rate-sensitive sectors as these spaces will continue to trade smoothly if interest rates remain steady.
The Zacks Analyst Blog Highlights: Invesco S&P Global, First Trust STOXX, Global X, ETRACS Monthly and Global X SuperDividend