USOI

UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037

$49.22

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The USOI ETN seeks to provide exposure to the performance of a covered call strategy on the Bloomberg Commodity Index Total Return, which tracks a diversified basket of commodity futures contracts.

Overview

ETF tracking UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037

Category Energy

Issuer Other

Inception Date 2017-04-26

Market Cap N/A

Average Volume N/A

Dividend Yield 22.53%

52-Week Range $47.65 - $67.95

VWAP $49.41

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The USOI ETN seeks to provide exposure to the performance of a covered call strategy on the Bloomberg Commodity Index Total Return, which tracks a diversified basket of commodity futures contracts.

🎯 Investment Strategy

The ETN uses a covered call strategy, selling call options on the underlying commodity index to generate additional income. This aims to provide some downside protection compared to a direct investment in the index, but also limits the upside potential.

✨ Key Features

Exposure to a diversified basket of commodity futures through a covered call strategy
Potential for income generation through option premiums, but limits upside participation
Relatively low expense ratio of 0.00%
Long-dated maturity with final valuation in 2037

⚠️ Primary Risks

Commodity price risk - the value of the ETN is tied to the performance of the underlying commodity index
Covered call risk - the upside potential is capped by the call options written on the index
Credit risk of the issuer (UBS AG)
Liquidity risk due to low assets under management

👤 Best For

This ETN may be suitable for investors seeking commodity exposure with a focus on income generation, but who have a moderate risk tolerance and understand the tradeoffs of a covered call strategy. It is not recommended for investors with a short investment horizon or those seeking pure commodity price upside.