(MLPR) ETRACS Quarterly Pay 1.5X - Ratings and Ratios

The ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN (MLPR) is an exchange-traded note (ETN) designed to provide leveraged exposure to the performance of the energy MLP sector. The underlying index, calculated by S&P, employs a capped, float-adjusted, capitalization-weighted methodology to measure the composite performance of energy MLPs. The index constituents are primarily midstream energy companies, with a majority of their cash flow derived from activities such as pipeline transportation, storage, and distribution of energy commodities.

As of the latest data, MLPR trades on the NYSE ARCA under the ticker symbol MLPR, classified as a leveraged equity ETF. The fund has an average daily trading volume of 1,000 shares over the past 20 days, with a last price of $53.85. The funds assets under management (AUM) amount to $16.27 million. From a technical standpoint, MLPR is currently trading below its 20-day, 50-day, and 200-day simple moving averages (SMA), which are $64.48, $65.80, and $59.04, respectively. The average true range (ATR) is 1.99, indicating moderate volatility.

Based on the technical and fundamental data, MLPR is expected to face headwinds in the near term. The funds price is below its key moving averages, suggesting bearish momentum. The low average volume of 1,000 shares may lead to heightened volatility, potentially amplifying price swings. The ATR of 1.99 implies that price movements could range between $51.86 and $56.84 over the next three months. However, the funds small AUM may limit its appeal to institutional investors, though it could still attract retail traders seeking leveraged exposure to the MLP sector.