Is UBS ETRACS Silver Shares Covered Call ETN (SLVO) a Buy, Sell, or Hold?
NASDAQ : SLVO
UBS ETRACS Silver Shares Covered Call ETN
$62.36 USD
$0.55 (0.89%)
- Volume
- 62.81K
- Average Volume
- 126.16K
- Market Capitalization
- $193.84M
- P/E Ratio
- Dividend Yield
- %
- Price Target
- Year High
- $107.41
- Year Low
- $61.01
- Day High
- —
- Day Low
- —
- Payout Ratio
- Current Ratio
Company Overview
NASDAQ
Asset Management
Financial Services
SLVO
N/A
US
USD
Liquidity Metrics
Sales & Valuation
-$
Profitability
-$
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%
P/E Metrics
Analyst Price Target & Rating
0/5
0 Analysts
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Poll Results
About UBS ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Stock
SLVO is neither the choice for those looking for exposure to physical silver nor does it provide pure exposure to silver futures. SLVO is structured as an ETN so it promises to track silver (and options on silver), not to hold it. Furthermore, its index has a notional short call position against the notional long position in the physically backed silver ETF, SLV. The calls are set to about 106% of the SLV`s price level. The covered call strategy gives investors indirect exposure to silver, but with limited upside as the nominal long position will get called away in periods of sharply rising prices or in volatile market environments. The tradeoff is yield as premiums from writing calls on an otherwise yield-less asset. SLVO aims to distribute the yield monthly, atypical for an ETN. Prior to ... May 31, 2024 the Issuer and counterparty credit risk of this ETN was Credit Suisse AG.
Frequently Asked Questions
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What is the current UBS ETRACS Silver Shares Covered Call ETN (SLVO) stock price?
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UBS ETRACS Silver Shares Covered Call ETN(NASDAQ:SLVO) stock price is $62.36 in the last trading session. During the trading session, SLVO stock reached the peak price of $107.41 while $61.01 was the lowest point it dropped to. The percentage change in SLVO stock occurred in the recent session was 0.89% while the dollar amount for the price change in SLVO stock was $0.55.
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SLVO's industry and sector of operation?
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The NASDAQ listed SLVO is part of Asset Management industry that operates in the broader Financial Services sector.
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Who are the executives of SLVO?
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How many employees does SLVO have?
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Number of SLVO employees currently stands at None. SLVO operates from 1285 Avenue of the Americas, New York, NY 10019, US.
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Link for SLVO official website?
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Official Website of SLVO is: http://notes.credit-suisse.com/etn/etn-pdp.html
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How do I contact SLVO?
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SLVO could be contacted at phone #800-320-1225 and can also be accessed through its website. SLVO operates from 1285 Avenue of the Americas, New York, NY 10019, US.
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How many shares of SLVO are traded daily?
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The average number of SLVO shares traded daily for last 3 months was 126.16K.
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What is the market cap of SLVO currently?
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The market value of SLVO currently stands at $193.84M with its latest stock price at $62.36