UGBP

VelocityShares Daily 4x Long GBP vs USD ETN

UGBP Fund Description

The VelocityShares Daily 4x Long GBP vs USD ETN designed to provide 4x leveraged exposure, reset daily, to changes in spot exchange rate between the British pound and the US dollar plus the overnight interest rate changes in the two currencies.

UGBP Factset Analytics Insight

UGBP is a short-term trading vehicle providing 4x leveraged exposure to the GBP/USD cross that is rebalanced daily. The notes returns may differ significantly from the performance of the British pound against the dollar for any holding period longer than one daya result of the effects of path dependency and compounding. Also, keep in mind that the notes fixing indicative value is calculated just once a day, approximately 30 minutes before the opening trading session on NYSE Arca. Unexpected events or actions can occur outside of market trading hours. These events may cause rapid and dramatic depreciation in the value of UGBP, which you may not be able to sell. Because of the 4x leverage provided by this product, a decline of 25% or more in the British pound vs the US dollar will result in 100% loss in UGBP. As an ETN, the note is backed by the credit of Citigroup Global Markets Holdings rather than physical currency. Sales of UGBP shares are taxed at ordinary income rates, regardless of holding period. UGBPs expense ratio is high, but the accumulated expense over a short holding period should be negligible.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

UGBP Factset Analytics Block Liquidity

As of 04/20/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of UGBP. UGBP is rated a N/A out of 5.

UGBP Summary Data

CitiGroup
12/12/17
Exchange-Traded Note
1.50%
$5.01M
0.16%

UGBP Portfolio Data

--
N/A

UGBP Index Data

VelocityShares Daily 4X Long GBP vs. USD Index
Single Asset
Single Asset
N/A

UGBP Fund Structure

No
--
N/A
Citigroup Global Markets Holdings Inc
Low
Low
4
Daily

UGBP Tax Exposures

39.60%
--
No

UGBP Tradability

206
$6.64K
102
$4.54K
0.16%
-0.01%
4.74% / -8.93%
None
25,000
0.00
0.09%
--
$31.30
N/A