Key stats
About ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN
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Inception date
Feb 5, 2021
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Distributor
UBS Securities LLC
MTUL offers 2x the daily performance of an index of large- and mid-cap US companies with the highest price momentum. The index assigns a momentum value to each MSCI USA Index constituent using combined 12-month and 6-month price performance. These values are risk-adjusted using price returns over the period of three years to determine momentum score. The index selects securities with the highest momentum scores and weights them by the product of their market cap weight in the parent index and momentum score. Each security is capped at 5% weight. The index generally covers approximately 30% of the parent index market cap. As a leveraged product with quarterly resets, MTUL is designed as a short-term trading tool and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to compounding. Keep in mind MTUL is an exchange-traded note, holders are subject to the credit risk of UBS.
Classification
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.