ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) Dividend Yield, History & Forecast
ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL) is an exchange-traded fund (ETF) listed on the New York Stock Exchange Arca. market capitalization is approximately $6M.
Frequently Asked Questions about ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL)
What does ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN invest in?▾
MTUL offers 2x the daily performance of an index of large- and mid-cap US companies with the highest price momentum. The index assigns a momentum value to each MSCI USA Index constituent using combined 12-month and 6-month price performance. These values are risk-adjusted using price returns over the period of three years to determine momentum score. The index selects securities with the highest momentum scores and weights them by the product of their market cap weight in the parent index and momentum score. Each security is capped at 5% weight. The index generally covers approximately 30% of...
