FUD …. explanation for the wtf move …
UBS AG announced the note is being redeemed.
The call settlement date for FUD is Dec. 10, 2020.
(new post rather than comment to be sure all see it)
UBS AG announced the note is being redeemed.
The call settlement date for FUD is Dec. 10, 2020.
(new post rather than comment to be sure all see it)
What does that mean pedro ?
FUD is an ETN, a debt instrument.
They are terminating/liquidating the fund.
Likely in part due to limited demand.
Perhaps also they are ‘cashing out’ before the sector bottoms, now that they’ve collected their fees.
I’ve seen that happen MANY a time …. right when the timing finally gets right, they pull it.
OK thanks..I see it has very low volume so the move was not necessarily meaningful.
Good sleuthing as always pedro