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New UBS ETN: SMHD SmallCap High DIvidend

etracs.ubs.com/product/detail/index/ussy...

UBS has launched (2015/02/05) a new 2x mopay ETN: SMHD... Looks interesting on a couple fronts: 1) monthly pay; 2) ~17.70% yield; 3) heavily weighted in energy stocks that have been killed...

I think that this could be quite the play if the small cap energy sector comes back...

Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in SMHD over the next 72 hours.