Bank of Montreal MicroSectors Travel -3x Inverse Leveraged ETNBank of Montreal MicroSectors Travel -3x Inverse Leveraged ETNBank of Montreal MicroSectors Travel -3x Inverse Leveraged ETN

Bank of Montreal MicroSectors Travel -3x Inverse Leveraged ETN

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Key stats


Assets under management (AUM)
‪1.52 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
−3.6%

About Bank of Montreal MicroSectors Travel -3x Inverse Leveraged ETN


Issuer
Bank of Montreal
Brand
REX Microsectors
Expense ratio
0.95%
Inception date
Jun 21, 2022
Index tracked
MerQube MicroSectors U.S. Travel Index - Benchmark TR Gross
Management style
Passive
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.
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.