ETRACS 2xMonthly Pay Leveraged Preferred Stock Index ETN
0.0M
$4.56M
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* Peer stocks are selected based on market capitalization and sector
$9.22
$7.41
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The index is designed to track the price movements of an equally weighted portfolio of two exchange-traded funds (“ETFs”) that hold preferred securities of various issuers. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.