Key stats
About ETRACS 2x Leveraged MSCI US Quality 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
QULL offers 2x the daily performance of the MSCI USA Sector Neutral Quality Index, an index of large- and mid-cap US securities with the highest quality scores relative to its peers within the same industry group. The underlying index starts with assigning a quality score to MSCI USA Index (parent index) constituents within each GICS sector based on three fundamental factors:return on equity, debt to equity and earnings variability. Securities with the highest quality scores are selected and weighted by the product of their market cap weight in the parent index and their quality score. Each individual security is capped at 5% weight. As a levered product with quarterly resets, QULL 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. In addition, keep in mind QULL 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.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QULL trades at 48.10 USD today, its price has risen 4.59% in the past 24 hours. Track more dynamics on QULL price chart.
QULL net asset value is 46.61 today — it's risen 11.14% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
QULL assets under management is 14.32 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
QULL price has risen by 4.85% over the last month, and its yearly performance shows a 5.36% increase. See more dynamics on QULL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.14% over the last month, showed a 9.65% increase in three-month performance and has increased by 9.03% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.14% over the last month, showed a 9.65% increase in three-month performance and has increased by 9.03% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QULL expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, QULL is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, QULL technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QULL shows the buy signal. See more of QULL technicals for a more comprehensive analysis.
Today, QULL technical analysis shows the strong buy rating and its 1-week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating QULL shows the buy signal. See more of QULL technicals for a more comprehensive analysis.
No, QULL doesn't pay dividends to its holders.
QULL trades at a premium (0.12%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
QULL shares are issued by UBS Group AG
QULL follows the MSCI USA Sector Neutral Quality. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 5, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.