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UBS declares quarterly coupon payments on Exchange Traded Note: AMUB
Business Wire (Thu, 22-Feb 2:30 PM ET)
The ETRACS Alerian MLP Index ETN Series B (NYSE: AMUB) ("AMUB" or the "ETN") is an exchange-traded note linked to the performance of the Alerian MLP Index. The ETN pays a variable quarterly coupon linked to the cash distributions, if any, on the Master Limited Partnerships ("MLPs") in the Alerian MLP Index, less investor fees.
Etracs Alerian MLP Index ETN Series B Due July 18 2042 trades on the ARCA stock market under the symbol AMUB.
As of April 22, 2024, AMUB stock price was flat at $17.65 with 35 million shares trading.
AMUB has a market cap of $82.95 million. This is considered a Micro Cap stock.
In the last 3 years, AMUB stock traded as high as $18.22 and as low as $10.37.
AMUB has outperformed the market in the last year with a price return of +32.3% while the SPY ETF gained +22.3%. AMUB has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +12.4% and -2.4%, respectively, while the SPY returned +3.9% and -3.6%, respectively.
AMUB support price is $17.49 and resistance is $17.81 (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 AMUB stock will trade within this expected range on the day.