UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLP) Shares Up 4.9%

UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN (NYSEARCA:LMLPGet Free Report)’s share price was up 4.9% on Wednesday . The stock traded as high as $3.28 and last traded at $2.99. Approximately 40,200 shares were traded 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 Stock Up 4.9 %

The business has a fifty day moving average of $2.99 and a two-hundred day moving average of $3.00.

UBS ETRACS Monthly Pay 2xLeveraged Wells Fargo MLP Ex-Energy ETN Company Profile

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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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