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UBS ETRACS 2x Leveraged Long ISE Solid State Drive Index ETN (SSDL)

- NYSEARCA
SSDL is defunct since June 5, 2013. Lack of investor interest
  • Jun. 11, 2013, 8:49 AM
    On June 5th, UBS completed its shutdown of 7 ETNs - 5 of which were focused on the IT space. The ETNs had struggled since launch to gain assets. The affected notes: LSKY, EIPO, EIPL, SSDD, SSDL, PTD and BLND. The closure is interesting in that all the affected ETNs except BLND had double-digit positive returns over the recent trailing twelve months.
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SSDL Description
The ETRACS Monthly 2xLeveraged ISE Solid State Drive Index ETN (SSDL) is a series of the ETNs that provides exposure to the performance of the ISE Solid State Drive™ Index (the "Index"), reduced by accrued fees. SSDL provides a monthly compounded two times leveraged exposure to the performance of the Index, reduced by an accrued tracking fee and accrued financing charges. The Index has been created to provide investors with a product allowing them to quickly take advantage of both event-driven news and long term economic trends as the market for solid state drive technology continues to evolve. The Index uses an equal weighted allocation across the drive manufacturer and component manufacturer categories as well as an equal weighted allocation methodology for all components within each sector category. Index components are reviewed quarterly for eligibility, and the weights are re-set according to that distribution.
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Country: United States
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