USLVVelocityShares 3X Long Silver ETN
USLV Fund Description
The VelocityShares 3X Long Silver ETN provides 3x exposure to a production-weighted index of world silver producers listed in OECD (Organization for Economic Co-operation and Development) countries.
USLV Factset Analytics Insight
USLV is a 3x leveraged product intended for single-day bets on the silver market, not for long-term allocation. Its linked index is an "excess return" silver index, meaning USLV's returns reflect both the price changes on its futures contracts as well as any gain or loss from "rolling" those futures contracts. Investors should be aware that daily compounding can, over time, cause USLV's performance to vary significantly from the 3x exposure to its index. USLV's expense ratio is steep, yet holding costs matter less for this tactical product. Trading volume has been very healthy and spreads are tight given its 3x silver exposure. Asset levels are strong too.
USLV CHARTS AND PERFORMANCE
USLV Portfolio Data
USLV Index Data
USLV Fund Structure
USLV Tax Exposures
USLV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of USLV. USLV is rated a 5 out of 5.