GLDI

UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033

$171.97

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The GLDI ETN seeks to provide exposure to the performance of a portfolio of written gold call options, while also providing the investor with the performance of physical gold bullion.

Overview

ETF tracking UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033

Category Commodities

Issuer Other

Inception Date 2013-01-29

Market Cap N/A

Average Volume N/A

Dividend Yield 13.49%

52-Week Range $150.21 - $174.19

VWAP $171.44

Performance

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Investment Summary

📎 Investment Objective

The GLDI ETN seeks to provide exposure to the performance of a portfolio of written gold call options, while also providing the investor with the performance of physical gold bullion.

🎯 Investment Strategy

The ETN tracks the ETRACS Gold Shares Covered Call Index, which holds a long position in physical gold bullion and a series of written gold call options on the SPDR Gold Shares ETF (GLD). The goal is to generate income from the covered call strategy while maintaining exposure to the underlying gold price.

✨ Key Features

Provides exposure to the gold market through a combination of physical gold and covered call options
Aims to generate income through the covered call strategy
Tracks the ETRACS Gold Shares Covered Call Index
Trades on the NYSE Arca exchange

⚠️ Primary Risks

Commodity risk: The value of the ETN is tied to the price of gold, which can be volatile
Covered call risk: The covered call strategy may limit upside potential if gold prices rise significantly
Credit risk: As an ETN, the value of GLDI is dependent on the creditworthiness of the issuer, UBS AG
Liquidity risk: The ETN may have lower trading volume and liquidity compared to other gold-related products

👤 Best For

GLDI may be suitable for investors seeking exposure to the gold market with the potential for some income generation, but who are willing to accept the risks associated with the covered call strategy and the ETN structure. It may be most appropriate for investors with a medium to long-term investment horizon.