ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL)
ETF analysis · AMEX · Financial Services · Asset Management - Leveraged
ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL) is an exchange-traded fund in the Financial Services sector. Latest price: $61.65. Market cap $12.05M. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
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Proprietary Signals
About ETRACS 2x Leveraged US Dividend Factor TR ETN
SCDL provides 2x leveraged exposure to the Dow Jones US Dividend 100 Index. This market-capitalization-weighted benchmark systematically excludes Real Estate Investment Trusts and screens for companies with a consistent dividend payment history of at least ten years. The portfolio's selection is guided by several key fundamental metrics, including cash-flow to debt ratio, return on equity (ROE), dividend yield, and dividend growth rates. This investment methodology often leads to a slight large-cap bias and distinct sector allocations, favoring industrial and consumer-oriented firms while having reduced exposure to financials. A key differentiator for SCDL, compared to other ETNs, is that it does not pay any coupon and resets its leverage quarterly, rather than daily. Furthermore, akin to all ETNs, SCDL's value is dependent on the credit risk of its issuing bank, UBS, and is not directly backed by underlying stocks. The index it tracks is reviewed annually and rebalanced every quarter.
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