UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP – Get Free Report) shares were up 4.9% during mid-day trading on Wednesday . The stock traded as high as $3.28 and last traded at $2.99. Approximately 40,200 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 30,370 shares. The stock had previously closed at $2.85.
UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Trading Up 4.9 %
The stock’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $2.99.
About UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN
The investment seeks a return linked to the monthly compounded 2x leveraged performance of Wells Fargo Master Limited Partnership Ex-Energy Index, less investor fees. The index is intended to measure the performance of all non-energy master limited partnerships (“MLPs”) listed on the New York Stock Exchange (“NYSE”), NYSE MKT or NASDAQ that satisfy market capitalization and other eligibility requirements.
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