HOMLETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN
HOML Fund Description
HOML offers leveraged exposure, reset monthly, to an index of US-listed stocks in the homebuilding sector. The underlying index selects stocks by market cap and weights them in tiers.
HOML Factset Analytics Insight
HOML is the sole choice for leveraged exposure to homebuilder stocks. The note’s 2x exposure is reset monthly, rather than daily, in contrast to many leveraged funds. Holding the note longer than a month means the investor may not get the intended 2x multiple. HOML’s underlying index offers concentrated, pure-play exposure to the homebuilding space. Structured as an ETN, HOML carries counterparty risk of the issuing bank, UBS. One gripe on the way holding costs are displayed: The issuer’s fact sheet shows only the tracking cost, omitting a larger financing charge, which explains why the fee we display is much higher. Trade the note with care—check the latest spreads and volume on this page.
HOML CHARTS AND PERFORMANCE
HOML Portfolio Data
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HOML Fund Structure
HOML Tax Exposures
HOML Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HOML. HOML is rated a N/A out of 5.