ETRACS Silver Shares Covered Call ETN (SLVO) Price, Holdings, & News

ETF Overview

ETRACS Silver Shares Covered Call ETN (NASDAQ: SLVO) is an exchange-traded note listed in the United States that provides investors with a packaged exposure to silver coupled with an options overlay. The product is structured to deliver returns that reflect the performance of a long position in shares representing physical silver together with the income and payoff profile generated by a covered call strategy. As an ETN, SLVO is an unsecured debt instrument whose economic return is tied to the referenced strategy rather than to ownership of a separate pool of assets.

The covered call component typically involves selling call options against the underlying silver shares to collect option premium, which can produce regular income and reduce short‑term volatility, while also capping upside participation when the underlying rises above option strike prices. The ETN aims to translate that combination of price exposure and option income into a single, exchange-traded security; investors receive distributions that reflect option premium and any realized gains or losses from the referenced positions, after the product’s fees and expenses.

SLVO is principally designed for investors seeking yield-enhanced exposure to the silver market or for those with a neutral to modestly bullish view on silver prices who are willing to trade some upside potential for current income. Prospective holders should be aware of the distinct risks of ETNs, including issuer credit risk, counterparty and liquidity considerations, possible tracking differences versus direct ownership of silver-related instruments, and tax and transaction implications. The note is available to U.S.-listed investors through broker-dealers that support Nasdaq securities.

Key Stats

• Today's Range: $84.28 to $85.38
• 50-Day Range: $80.31 to $99.82
• 52-Week Range: $76.81 to $107.41
• Volume: 55,925 shs
• Average Volume: 91,265 shs
• Market Capitalization: $328.21 million
• Assets Under Management: $19.91 million
• Dividend Yield: N/A
• Net Expense Ratio: 0.00%
• Aggregate Rating: N/A

Fund Details

• Issuer: UBS
• Fund Name: ETRACS Silver Shares Covered Call ETN
• Tax Classification: Exchange-Traded Note
• Stock Exchange: NASDAQ
• Current Symbol: NASDAQ:SLVO
• Inception Date: 4/16/2013
• Fund Manager: N/A
• Web: N/A
• Phone: 14089961010

Fund Focus

• Asset Class: Equity
• Benchmark: Credit Suisse NASDAQ Silver FLOWS 106 Index
• Category: Strategy
• Focus: BuyWrite
• Development Level: Blended Development
• Region: Global
• Number of Holdings: 0

Fund Statistics

• Assets Under Management: $19.91 million
• Average Daily Volume: $98.01 thousand
• Discount/Premium: 0.10%

Administrator, Advisor and Custodian

• Administrator: N/A
• Advisor: UBS AG
• Custodian: N/A
• Distributor: N/A
• Transfer Agent: N/A
• Trustee: N/A
• Lead Market Maker: Susquehanna

Miscellaneous

• Outstanding Shares: 3,880,000
• Beta: 0.33
• Creation Unit: 50,000