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home / news releases / FUD - The End Of The 'CMCI Series A' ETNs: SMHD/MORL Holders Learn Final Lesson In Valuation

FUD - The End Of The 'CMCI Series A' ETNs: SMHD/MORL Holders Learn Final Lesson In Valuation

UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641737

Author's note: This article was released to CEF/ETF Income Laboratory members on November 27, 2019.

This commentary follows the data presented in ETRACS 2x Leveraged ETN Snapshot: November 2019.

The end of the "Series A" ETRACS 2x ETNs?

In a nutshell, all Series A ETNs are either going to be exchanged for the corresponding Series B ETNs or (proposed to be) simply redeemed altogether.

Here are the relevant press releases:

November 14, 2019 | UBS Announces Proposal to Redeem 13 ETRACS ETNs in 2020. UBS AG announced today that it expects to

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Stock Information
Company Name: UBS AG Jersey ZC SP ETRACS REDEEM 05/04/2038 USD 25 - 902641737
Stock Symbol: FUD
Market: NYSE
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