MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNsMicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNsMicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

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

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Key stats

Assets under management (AUM)
‪12.61 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
0.1%

About MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs

Issuer
Bank of Montreal
Brand
REX Microsectors
Expense ratio
0.95%
Home page
Inception date
Apr 2, 2019
Index tracked
Solactive MicroSectors U.S. Big Banks Index
Management style
Passive
BNKD is an inverse-leveraged take on US Big Banks. Specifically, the fund tracks three times the inverse of the underlying index, which selects the 10 largest qualifying stocks and evenly weights them. Note, however, that the product isnt designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared to its underlying index.
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy