MicroSectors U.S. Big Oil 3 Leveraged ETN (NRGU)
MicroSectors U.S. Big Oil 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 $47.55, up 1.32% on the session, giving a market capitalisation of $69.7M. Its beta of -1.82 implies it has historically moved less than the broad market.
These senior, unsecured, medium-term notes, issued by Bank of Montreal, are designed to provide investors with a return equivalent to three times the daily performance of their underlying index, compounded daily. However, potential returns are reduced by an ongoing Daily Investor Fee, a Daily Financing Charge, and, if applicable, a Redemption Fee. The benchmark for these notes is an equally-weighted index comprising the ten U.S.-listed companies with the largest market capitalization within the energy and oil sector.
MicroSectors U.S. Big Oil 3 Leveraged ETN is most often compared with the following Financial Services names: