UTRN ISSUER
The Uturn ETF is managed by Vesper Capital Management, LLC, and it primarily invests in securities that make up the Uturn Index. This index is designed to measure the performance of a portfolio of twenty-five securities selected from the Solactive GBS United States 500 Index, with the goal of capitalizing on the short-term reversal effect. This unique approach is driven by a proprietary algorithm called Chow's Ratio, which evaluates short-term pricing data and volatility to identify stocks with the potential for short-term reversal. Under normal circumstances, the fund invests at least 80% of its net assets in large-capitalization securities issued by U.S. companies or those economically tied to the United States, and it maintains a high portfolio turnover rate due to weekly reconstitution. The Index Provider, Solactive AG, is independent and not affiliated with the fund or its adviser, Exchange Traded Concepts, LLC.
UTRN DIVIDEND
The UBS ETRACS - CMCI Total Return ETN (UTRN) offers investors a unique dividend distribution experience. While it primarily tracks commodity futures, UTRN's dividend eligibility is determined by the performance of the underlying commodities. Dividend distributions are typically made on a quarterly basis, and the amount can vary based on the commodities' price movements and dividend policies of the underlying components. Investors in UTRN can potentially benefit from both commodity price appreciation and periodic dividend income, making it a versatile investment option.
UTRN TRACKING
UTRN, the Innovator U.S. Equity Momentum ETF, is dedicated to tracking the performance of a carefully selected portfolio of 25 securities derived from the Solactive GBS United States 500 Index. The selection process is based on an algorithm called Chow's Ratio, which identifies stocks likely to experience short-term reversals while minimizing risk exposure and transaction costs. The ETF's goal is to harness the short-term reversal effect within the U.S. equity market, investing in large-cap securities issued by U.S. companies or those economically tied to the United States. With weekly rebalancing and equal weighting of components, UTRN provides investors with a strategic approach to capturing short-term momentum opportunities.
UTRN CORRELATION
The correlation aspect of the Vesper U.S. Large Cap Short-Term Reversal ETF (UTRN) primarily revolves around its unique investment strategy. UTRN invests in a portfolio of 25 securities selected from the Solactive GBS United States 500 Index based on a proprietary algorithm called Chow's Ratio, which identifies stocks likely to experience short-term reversals. As a result, UTRN's correlation with traditional market benchmarks like the S&P 500 may differ from typical ETFs. This distinctive approach can make UTRN an intriguing choice for investors looking to capitalize on short-term market dynamics and seek returns that deviate from the broader market trends.
UTRN SECTOR
The UBS ETRACS - ProShares Daily 3x Long Crude ETN (UTRN) is primarily involved in the energy sector. It seeks to provide investors with daily leveraged exposure to the performance of crude oil. This sector concentration means that UTRN is highly sensitive to fluctuations in oil prices, making it a suitable choice for those looking to capitalize on short-term movements in the energy market. However, it's important to note that the leveraged nature of this ETN can result in amplified gains and losses, making it a high-risk investment option.
UTRN EXPOSURE
The exposure characteristic of the Innovator S&P 500 Ultra Buffer ETF (UTRN) is centered around its unique approach to providing investors with defined downside protection while allowing participation in potential market gains. UTRN achieves this through its use of FLEX Options, which reference the SPDR® S&P 500® ETF Trust. These FLEX Options offer customizable terms and are designed to limit losses and cap potential upside returns for investors over a predefined Outcome Period. This strategy primarily focuses on the performance of the S&P 500 Index, providing exposure to large-cap U.S. equities, particularly those in the information technology sector. For more in-depth data and analysis of U.S. ETFs, including exposure, overlap, correlations, and more, ETF Insider's web app offers valuable insights and visualizations.