SLVO

UBS AG ETRACS Silver Shares Covered Call ETNs due April 21, 2033

$94.69

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The SLVO ETN seeks to provide exposure to the performance of the CBOE Silver Covered Call Index, which reflects the performance of a covered call strategy on the spot price of silver.

Overview

ETF tracking UBS AG ETRACS Silver Shares Covered Call ETNs due April 21, 2033

Category Commodities

Issuer Other

Inception Date 2013-04-17

Market Cap N/A

Average Volume N/A

Dividend Yield 16.79%

52-Week Range $73.06 - $97.00

VWAP $94.87

Performance

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Investment Summary

📎 Investment Objective

The SLVO ETN seeks to provide exposure to the performance of the CBOE Silver Covered Call Index, which reflects the performance of a covered call strategy on the spot price of silver.

🎯 Investment Strategy

The ETN aims to achieve its objective by tracking the CBOE Silver Covered Call Index, which sells call options on silver futures contracts to generate additional income. The index is designed to provide exposure to the spot price of silver with the goal of generating income from the covered call strategy.

✨ Key Features

Provides exposure to the spot price of silver with a covered call strategy
Generates additional income through the sale of call options on silver futures
Tracks the CBOE Silver Covered Call Index
Issued by UBS AG with a maturity date of April 21, 2033

⚠️ Primary Risks

Commodity risk: The value of the ETN is subject to fluctuations in the spot price of silver
Covered call risk: The covered call strategy may limit the upside potential if silver prices rise significantly
Credit risk: As an ETN, the value of the fund is dependent on the creditworthiness of the issuer, UBS AG
Liquidity risk: The ETN may have limited trading volume and liquidity, which could impact the ability to buy or sell shares

👤 Best For

This ETN may be suitable for investors seeking exposure to the silver market with the potential for additional income generation through a covered call strategy. However, it carries commodity and credit risks, and may not be appropriate for all investors, especially those with a low risk tolerance or a short investment horizon.