SMHD

ETRACS Monthly Pay 2xLeveraged U.S. Small Cap High Dividend ETN
*Unless otherwise stated, data provided by FactSet.

SMHD Fund Description

SMHD provide 2x leveraged exposure, reset monthly, to a liquidity-weighted index of 100 of the highest-yielding US small-cap companies.

SMHD Factset Analytics Insight

SMHD provides levered exposure to and index of US small-caps with the highest expected dividend yield in the coming 12 months, according to analyst estimates. Stocks that make the cut are weighted by average daily trading volume. The note applies a leverage factor of 2x to the gains and losses of the underlying index, and resets its leverage on a monthly basis. That makes the note suitable for long-term positions, though investors will still feel the effects of compounding over longer holding periods. Unlike most ETNs, SMHD pays a monthly coupon equal to twice the yield of its underlying basket. Expect high yield here, but also high risk from three factors: leverage, small-caps, and high yield. Big gains are possible, but so is a negative total return. SMHD is expensive to own, and middling liquidity further raises all-in costs.

SMHD Charts And Performance

  • 1 Month
  • 3 Months
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  • 1 Year
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Select ETFs to compare their performance:
PERFORMANCE [as of 12/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SMHD -6.99% -1.04% -0.56% -18.81% -6.89% -- --
SMHD (NAV) 1.07% 0.56% 9.08% -10.46% -6.36% -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SMHD Summary Data

UBS
ETRACS
02/03/15
Exchange-Traded Note
1.65%
$39.39M
0.94%

SMHD Portfolio Data

19.88%
07/11/19

SMHD Index Data

Liquidity
Dividends
N/A

SMHD Fund Structure

No
N/A
N/A / N/A
UBS AG (London Branch)
Low
High
2
Monthly

SMHD Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

SMHD Factset Analytics Block Liquidity

As of 12/12/19
5
4
3
2
1

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

SMHD Tradability

36,972
$424.07K
32,539
$380.39K
0.94%
$0.11
11.14%
23.53% / -0.43%
Potential
0.00%
50,000
0.65
0.00%
--
0
$11.17
N/A