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MicroSectors Travel -3x Inverse Leveraged ETNMicroSectors Travel -3x Inverse Leveraged ETNMicroSectors Travel -3x Inverse Leveraged ETN

MicroSectors Travel -3x Inverse Leveraged ETN

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Overview
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FLYD chart



Key stats


Assets under management (AUM)
‪510.31 K‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
—
Discount/Premium to NAV
—
Shares outstanding
‪80.00 K‬
Expense ratio
0.95%

About MicroSectors Travel -3x Inverse Leveraged ETN


Issuer
Bank of Montreal
Brand
REX Microsectors
Home page
microsectors.com
Inception date
Jun 21, 2022
Structure
Exchange-Traded Note
Index tracked
MerQube MicroSectors U.S. Travel Index - Benchmark TR Gross
Management style
Passive
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.

Broaden your horizons with more funds linked to FLYD via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Consumer discretionary
Niche
Hotels, resorts & cruise lines
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Liquidity
Selection criteria
Market cap

FLYD news



Ideas



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Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FLYD assets under management is ‪510.31 K‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FLYD expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
FLYD is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, FLYD doesn't pay dividends to its holders.
FLYD shares are issued by Bank of Montreal
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.
The fund started trading on Jun 21, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.