CEM - CEFL/YYY: New Entrants And Playbook For Today
Last year, ISE did not update its holdings page during the entire rebalancing event, and neither could any information be gleaned from the webpage for ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL). The new entrants were only known with certainty after YieldShares High Income ETF (YYY) updated its holdings as they stood after the first day of rebalancing, during the third day of rebalancing -- in other words, rebalancing changes that were enacted on day 1 were only made visible during day 3, which was too late to be very