MicroSectors U.S. Big Banks 3 Leveraged ETN (BNKU)
MicroSectors U.S. Big Banks 3 Leveraged ETN operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $48.03, up 3.64% on the session, giving a market capitalisation of $502.3M. Its beta of 2.66 implies it has historically moved more than the broad market.
This exchange-traded note (ETN) is a senior, unsecured medium-term debt instrument issued by Bank of Montreal. Its daily return is designed to reflect triple the performance of its underlying benchmark index, subject to a daily reset. This leveraged return is net of a Daily Investor Fee, a Daily Financing Charge, and potentially a Redemption Fee. The underlying benchmark is an equal-dollar weighted index comprised of the ten largest U.S. banking sector companies by market capitalization.
MicroSectors U.S. Big Banks 3 Leveraged ETN is most often compared with the following Financial Services names: