ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI)
About ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI)
The investment seeks a return linked to the performance of the price return version of the Credit Suisse Nasdaq WTI Crude Oil FLOWSTM 106 Index (the index). The index measures the return of a covered call strategy on the shares of the United States Oil Fund, LP (the USO Fund, and such shares the USO Shares) by reflecting changes in the price of the USO Shares and the notional option premiums received from the notional sale of monthly call options on the USO Shares less the Notional Transaction Costs incurred in connection with the implementation of the covered call strategy.
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ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 News
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Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.