Get started
Bank Of Montreal MicroSectors U.S. Big Banks -3 Inverse Leveraged ETNs due February 17, 2045Bank Of Montreal MicroSectors U.S. Big Banks -3 Inverse Leveraged ETNs due February 17, 2045Bank Of Montreal MicroSectors U.S. Big Banks -3 Inverse Leveraged ETNs due February 17, 2045

Bank Of Montreal MicroSectors U.S. Big Banks -3 Inverse Leveraged ETNs due February 17, 2045

No trades
See on Supercharts
Overview
Analysis Ideas Discussions Technicals Seasonals

BNKD chart


Full chart

Key stats


Assets under management (AUM)
—
Fund flows (1Y)
—
Dividend yield (indicated)
—
Discount/Premium to NAV
41.4%
Shares outstanding
—
Expense ratio
—

About Bank Of Montreal MicroSectors U.S. Big Banks -3 Inverse Leveraged ETNs due February 17, 2045


Issuer
Bank of Montreal
Brand
REX Microsectors
Home page
microsectors.com
Inception date
Feb 19, 2025
Structure
Exchange-Traded Note
Index tracked
Solactive MicroSectors U.S. Big Banks Index
Management style
Passive
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
BNKD is an inverse-leveraged take on US Big Banks. Specifically, the fund tracks three times the inverse of the underlying index, which selects the 10 largest qualifying stocks and evenly weights them. Note, however, that the product isnt designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared to its underlying index.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Banks
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Market cap

Ideas



See all ideas 

Technicals

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.