Zacks Investment ResearchT3·49mo ago
AMUB ETRACS Alerian MLP Index ETN Series B due July 18, 2042
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
AMUB
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Key stats
About
ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) ETF
No description available.
- Exchange
- ARCX
- Has Options
- No
Fund profile
Exchange-traded note: an unsecured debt of the issuing bank that pays an index return. It holds no portfolio and carries the issuer's credit risk.
- Expense ratio
- —
- Assets
- —
- Trailing yield
- 5.80% paid quarterly
- Average daily volume
- $10K 30 sessions
- Holdings
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- Listed
- — NYSE Arca
Moves with. Value over growth (12% of its variance, beta 0.44); High yield over Treasuries (3% of its variance, beta 0.69). These factors explain 17% of its daily moves over the last year, so most of what drives this fund is something else.
Fund flows
This product is not a registered investment company, so it does not file the monthly flow reports that funds file with the SEC.
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| AMLPAlerian MLP ETF | — | 1.01% | $12.7B | +13.6% | compare |
| EMLPFirst Trust North American Energy Infrastructure Fund | — | 0.95% | $4.1B | +12.8% | compare |
| MLPXGlobal X MLP & Energy Infrastructure ETF | — | 0.45% | $3.6B | +24.4% | compare |
| MLPAGlobal X MLP ETF | — | 0.77% | $2.3B | +13.4% | compare |
| TPYPTortoise North American Pipeline ETF | — | 0.40% | $838M | +21.1% | compare |
The largest other funds in the MLPs & Midstream category.
ETF Profile
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 6.64% | 7.79% | 7.96% | 4.29% | 7.11% | 7.13% | 6.82% |
| Feb | 5.52% | 0.46% | -2.84% | 2.33% | 1.62% | 7.65% | 2.46% |
| Mar | 1.70% | 1.61% | -1.21% | 3.20% | 0.63% | -0.55% | 0.90% |
| Apr | 5.19% | -1.04% | -0.31% | -1.43% | -9.68% | 5.30% | -0.33% |
| May | 4.73% | 6.28% | -2.26% | -0.67% | 0.61% | -3.56% | 0.86% |
| Jun | 2.37% | -15.89% | 3.20% | 5.94% | 1.80% | -1.27% | -0.64% |
| Jul | -7.37% | 11.44% | 4.96% | 0.09% | 4.04% | 7.16% | 3.39% |
| Aug | -2.67% | 2.15% | -0.72% | -0.63% | -0.37% | 2.20% | -0.01% |
| Sep | 1.62% | -6.44% | 1.93% | 1.13% | -3.25% | -8.77% | -2.30% |
| Oct | 3.19% | 12.30% | 1.75% | -1.96% | -0.78% | 0.34%* | 2.47% |
| Nov | -11.11% | -1.43% | 3.92% | 12.83% | 6.09% | -- | 2.06% |
| Dec | 4.18% | -3.89% | -2.33% | -5.84% | -1.82% | -- | -1.94% |
| Total | 12.99% | 10.29% | 14.30% | 19.68% | 5.01% | 15.28% | 12.93% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $22.00
SMA 50: $22.89
SMA 200: $22.01
Current: $21.96
EMA 12: $21.96
EMA 26: $22.24
MACD: -0.2802 | Signal: 0.0349
BEARISH
ADX (14): 20.91
WEAK TREND
+DI: 45.56
−DI: 34.92
Momentum Oscillators
RSI (14): 43.70
NEUTRAL
Stoch %K: 43.50
Stoch %D: 42.34
Williams %R: -54.15
Volume & Volatility
BB Upper: $22.45
BB Lower: $21.55
NEUTRAL
OBV: 401,491
Vol SMA 20: 527
Vol ROC: 160.00%
ATR: $0.41
True Range: $0.04
HV 20: 15.7%
HV 30: 14.8%
HV 60: 13.4%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-22T00:00:00 – 2026-10-21T00:00:00
AI Analysis
Click Frenzy-Pro™ for an AI analysis of this ticker.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
All AMUB news →
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AMUB Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
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pts
EXTREME
ATM — / Wing —
30 DTE / 10d
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pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: -0.1100
Alpha: 20.60%
Correlation: -0.0948
R-Squared: 0.9%
Stock Volatility: 14.8%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 249
Period: 252 trading days
Data Points: 249
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
AMUB Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
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| # | Filer | Notional Value | % of Total | Period |
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Constituent Performance
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Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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