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

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

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Key stats


Assets under management (AUM)
‪8.82 M‬USD
Fund flows (1Y)
‪3.40 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.3%
Shares outstanding
‪500.00 K‬
Expense ratio
2.60%

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


Brand
REX Microsectors
Inception date
Feb 19, 2025
Structure
Exchange-Traded Note
Index tracked
Solactive MicroSectors U.S. Big Banks Index
Management style
Passive
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
BNKU is a leveraged take on US Big Banks. Specifically, the fund tracks three times the performance 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. BNKU is essentially a relaunch of an old ETN that was available from April 2, 2019, to July 24, 2024, with the same ticker and exposure.

Classification


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

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

Broaden your horizons with more funds linked to BNKU via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
BNKU trades at 17.63 USD today, its price has risen 0.34% in the past 24 hours. Track more dynamics on BNKU price chart.
BNKU net asset value is 17.52 today — it's risen 26.58% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
BNKU assets under management is ‪8.82 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
BNKU fund flows account for ‪3.40 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
BNKU expense ratio is 2.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, BNKU is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, BNKU technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating BNKU shows the sell signal. See more of BNKU technicals for a more comprehensive analysis.
No, BNKU doesn't pay dividends to its holders.
BNKU trades at a premium (0.29%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
BNKU shares are issued by Bank of Montreal
BNKU follows the Solactive MicroSectors U.S. Big Banks Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 19, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.