UBS Launches Leveraged S&P 500 ETF with Monthly Resets

UBS Investment Bank (NYSE: AG), the purveyor of the ETRACS exchange traded notes, launched a leveraged S&P 500 ETN that resets its holdings on a monthly basis. According to a press release, the ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETF (NYSEArca: SPLX) began trading...