UBS rolled out the latest addition to its rapidly-expanding suite of MLP products on Wednesday, launching the E-TRACS 1x Monthly Short Alerian MLP Infrastructure Total Return ETN (MLPS). The new exchange-traded note is designed to provide short exposure to the MLP Infrastructure market by tracking the inverse performance of the Alerian MLP Infrastructure Total Return Index, a benchmark that consists of approximately 25 MLP firms. As the name of the fund suggests, MLPS will reset exposure on a monthly basis; the majority of inverse ETFs available to U.S. investors reset exposure daily. The index to which MLPS will be linked is already used by two existing MLP products, including the E-TRACS Alerian MLP Infrastructure ETN (MLPI) and the recently-launched ALPS Alerian MLP ETF (AMLP). The new inverse ETN will be the fourth MLP product from UBS, joining MLPI, the Alerian Natural Gas MLP (MLPG) and 2x Monthly Leveraged [...] Click here to read the original article on ETFdb.com. Related Stories: UBS Launches New Natural Gas MLP ETN (MLPG) ALPS Launches First MLP ETF (AMLP) UBS Launches Leveraged MLP Infrastructure ETN (MLPL)