BNKD MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN

This is an exchange traded note issued by the Bank of Montreal that is linked to the 3x inverse performance of the Solactive MicroSectors U.S. Big Banks Index, less fees. In addition to the management fee, a financing fee of US Federal Funds Effective Rate minus 1.00% per annum is also charged.The Index intends to track the price movements of a portfolio of stocks tracking the top 10 US stocks from the Banking Sector with the largest free-float market capitalization.

$14.03  -1.04 (-6.90%)
As of 03/27/2023 13:31:41 EST     IEX book   CBOE book

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ETN Information

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Sponsor:     Bank of Montreal ETNs
Category1:  US Equity
Category2:  Single industry
Category3:  Banking
Morningstar category:  
Leverage factor:  -3.00
Inception date:  03/29/2021
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $0
Average volume:  290,249
Fees:     0.9500% *
*Financing fee of US Federal Funds Effective Rate minus 1.00% per annum.

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Index Information

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Solactive MicroSectors U.S. Big Banks Index
Index symbol:  SOLUSBBP
Provider:   Solactive
Index weighting:   Equal weighted
Index inception date:  03/15/2013
Backtesting data exists:   No
Number of holdings:  10
Rebalanced:  Monthly
Reconstituted:  Annually