FNGD BMO REX MicroSectors FANG+ Index 3X Inverse Leveraged ETN

Seeks daily investment results, before fees and expenses, of 3x times the inverse performance of the NYSE FANG+ Index. The Index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies. The Index includes a 10% weight to ten stocks: Facebook, Apple, Amazon, Netflix, Alphabet, Tesla, Nvidia, Alibaba, Baidu and Twitter. The Index is rebalanced quarterly after the close of trading on the third Friday of March, June, September, and December.

$35.12  -3.42 (-8.87%)
As of 01/26/2023 16:00:00 EST     IEX book   CBOE book

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ETN Information

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Sponsor:     Bank of Montreal ETNs
Category1:  Global Equity
Category2:  Single sector
Category3:  Information technology
Morningstar category:  Trading--Inverse Equity
Leverage factor:  -3.00
Inception date:  01/23/2018
Current yield:  0.00%
Historical average yield:  0.00%
Market cap:  $0
Average volume:  955,412
Fees:     0.9500% *
*A daily financing rate also applies using the US federal funds rate plus 1.00%.

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Index Information

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NYSE FANG+ Index
Index symbol:  NYFANGT
Provider:   ICE (NYSE)
Index weighting:   Equal weighted
Index inception date:  11/14/2017
Backtesting data exists:   Yes
Number of holdings:  10
Rebalanced:  Quarterly
Reconstituted:  Quarterly