MicroSectors U.S. Big Oil Index Inverse ETNs (YGRN)
MicroSectors U.S. Big Oil Index Inverse ETNs operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $40.02, down 37.05% on the session, giving a market capitalisation of $32.5M. Its beta of 0.00 implies it has historically moved less than the broad market.
These Exchange Traded Notes (ETNs) are designed to provide daily returns that are the inverse of the Solactive MicroSectorsTM U.S. Big Oil Index. Issued by Bank of Montreal as senior unsecured medium-term debt instruments, their value is linked to the inverse performance of the index, compounded on a daily basis. This return is calculated after deducting a Daily Investor Fee, any negative Daily Interest, and a Redemption Fee, if applicable. The underlying index itself is an equally dollar-weighted benchmark, tracking the ten largest U.S.-listed companies by market capitalization within the energy and oil sector.
MicroSectors U.S. Big Oil Index Inverse ETNs is most often compared with the following Financial Services names: