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UBS Declares Coupon Payments on 11 ETRACS Exchange Traded Notes
Business Wire (Tue, 9-Jan 2:00 PM ET)
The ETRACS Alerian Midstream Energy High Dividend Index ETN is an Exchange Traded Note linked to the performance of the Alerian Midstream Energy Dividend Index. The Alerian Midstream Energy Dividend Index is a fundamentally-weighted index based on the liquid, dividend-paying portion of the North American energy infrastructure market. The Index measures the performance of companies domiciled in the U.S. or Canada, listed on major U.S. or Canadian stock exchanges, that pay regular cash dividends and meet specific liquidity requirements, as described elsewhere in this prospectus supplement. The Index is calculated by S&P DJI Netherlands B.V. using a modified market capitalization weighted methodology. The Index is a price return index (i.e., the reinvestment of dividends is not reflected in the value of the Index).
UBS Ag Etracs Alerian Midstream Energy High Dividend Index ETN trades on the ARCA stock market under the symbol AMND.
As of March 27, 2024, AMND stock price was flat at $43.45 with 3 million shares trading.
AMND has a market cap of $43.74 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, AMND stock traded as high as $43.74 and as low as $31.48.
AMND has underperformed the market in the last year with a price return of +26.4% while the SPY ETF gained +33.6%. AMND has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +8.3% and +0.7%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
AMND support price is $42.63 and resistance is $44.28 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMND stock will trade within this expected range on the day.