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New York Stock Exchange Arca · Other
$34.495
$0.00 · 0.00%
$34.495
Latest quote$0.00 · 0.00%
$34.49
$0.00 · 0.00%
Regular session · ET · Market data may be delayed.
IWML is a leveraged exchange-traded note (ETN) designed to deliver twice the daily performance of the Russell 2000 index. Given its geared structure, it is inappropriate for long-term holding and should instead be utilized as a short-term tactical trading instrument. The underlying Russell 2000 benchmark primarily tracks small-capitalization companies, but its composition also extends to include mid-cap and a significant number of micro-cap firms, collectively representing approximately 10% of the total market value. A critical characteristic is that its 2x leverage resets daily, meaning it targets two times the daily return of the index, not cumulative returns over extended periods. Additionally, the ETN's leverage target is rebalanced on a quarterly schedule. As an exchange-traded note, investors are exposed to the credit risk of its issuer, UBS. The underlying index itself undergoes an annual reconstitution process.
Fund assets
6.9M USD
Expense ratio
0.95%
NAV
$34.50
Average volume
579
Volume
493
Price change
1 day
0.00%
1 month
+8.92%
3 months
+12.69%
Year to date
+47.16%
1 year
+62.48%
3 years
+111.70%
5 years
+37.33%
Price changes exclude distributions, fees, taxes, and investor-specific cash flows.
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ETF data may be delayed, incomplete, or revised. Holdings and exposures change over time. Historical performance does not guarantee future results. This page is for informational and educational purposes only and does not constitute investment advice or a recommendation.
