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About MicroSectors Travel -3x Inverse Leveraged ETN
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Inception date
Jun 21, 2022
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
ISIN
US06368J3095
FLYD provides daily 3x inverse exposure to an index of large-cap companies in the travel and tourism industry. The fund will comprise those engaged in specified segments including hotels, resorts, cruise lines, casinos and gaming, and leisure activities that meet certain requirements. Eligible securities must be listed on a US exchange, classified in the travel industry, and have a market-cap of at least 3 billion USD. Selected constituents will then be assigned a weighting in accordance with their 12-month average daily value traded, with individual capping at 25%. The index is rebalanced monthly and reconstituted quarterly. As a leveraged product with -3x factor that resets daily, FLYD is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period. In addition, since this is structured as an ETN, investors assume the credit risk of the Bank of Montreal.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FLYD assets under management is 520.12 K USD. It's fallen 17.13% over the last month.
FLYD fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, FLYD doesn't pay dividends to its holders.
FLYD shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Jun 21, 2022, and its management style is Passive.
FLYD expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
FLYD follows the MerQube MicroSectors U.S. Travel Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FLYD price has fallen by −19.20% over the last month, and its yearly performance shows a −78.48% decrease. See more dynamics on FLYD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −21.69% over the last month, showed a −36.53% decrease in three-month performance and has decreased by −77.47% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −21.69% over the last month, showed a −36.53% decrease in three-month performance and has decreased by −77.47% in a year.
FLYD trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.