UBS ETRACS S&P GSCI Crude Oil Total Return Index ETN
OILX
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Feb 17, 2016
- Similar Companies
- Business
- UBS ETRACS S&P GSCI Crude Oil Total Return Index ETN (NYSE Arca: OILX) is an exchange-traded note issued by UBS AG, London Branch, that provides investors with exposure to the performance of the S&P GSCI Crude Oil Total Return Index, which tracks crude oil futures contracts in the commodity markets. The ETN, launched on February 17, 2016, offers a total return mechanism including collateralized returns from rolling front-month futures contracts on West Texas Intermediate crude oil; it matures on February 22, 2046, with a net expense ratio of 0.75% and assets under management of approximately $23 million as of recent trading data. Traded on NYSE Arca, OILX targets investors seeking leveraged commodity exposure without direct futures ownership, bearing the unsecured senior debt risk of UBS AG headquartered in Zurich, Switzerland, with global operations across major financial centers. In April 2020, UBS announced the full redemption of all outstanding OILX securities, a significant operational change amid volatile oil markets that led to accelerated maturity ahead of its 2046 schedule. This followed broader portfolio adjustments, including UBS's May 2024 assumption and rebranding of certain Credit Suisse ETNs as ETRACS products post-acquisition, though OILX predated that transition and was independently redeemed. Despite the redemption, limited secondary market trading persists at low volumes around $5.77 per share, reflecting ongoing investor interest in residual liquidity without new issuances.