Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNsBank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNsBank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs

Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs

No trades
Buy WTID

Key stats


Assets under management (AUM)
‪3.01 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
4.9%

About Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs


Issuer
Bank of Montreal
Brand
REX Microsectors
Expense ratio
0.95%
Inception date
Feb 15, 2023
Index tracked
Solactive MicroSectors Energy Index - Benchmark TR Gross
Management style
Passive
WTID provides daily 3x inverse exposure to an index of large-cap companies in the oil and energy sector exhibiting high liquidity. The portfolio contains some of the largest integrated oil and gas firms, fossil fuel exploration and production companies, and petroleum refineries. The selection process begins with the index universe ranked in descending order according to each securitys liquidity with the top 12 selected as the final index constituents. Each constituent is then assigned a weighting based on the same manner, with individual capping at 15% and the top 5 constituents total weight capped at 60%. The index is rebalanced monthly. As a leveraged product with -3x factor that resets daily, WTID 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.
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.