Bank Of Montreal MicroSectors FANG+ 3X Leveraged ETNsBank Of Montreal MicroSectors FANG+ 3X Leveraged ETNsBank Of Montreal MicroSectors FANG+ 3X Leveraged ETNs

Bank Of Montreal MicroSectors FANG+ 3X Leveraged ETNs

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Key facts today


Bank of Montreal (BMO) mandates employees to return to the office four days a week starting September 15, reflecting a shift in the financial sector towards more in-person work.
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Key stats


Assets under management (AUM)
‪1.70 B‬USD
Fund flows (1Y)
‪1.26 B‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.1%
Shares outstanding
‪80.00 M‬
Expense ratio
2.60%

About Bank Of Montreal MicroSectors FANG+ 3X Leveraged ETNs


Brand
REX Microsectors
Inception date
Feb 19, 2025
Structure
Exchange-Traded Note
Index tracked
NYSE FANG+ 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%
FNGU offers 3x exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google), and other similar companies. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product with daily resets of exposure, FNGU is designed as a short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding. Prior to June 24, 2025, the fund utilizes the ticker FNGB.

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

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Big Tech
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.

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.
FNGU trades at 23.77 USD today, its price has risen 3.03% in the past 24 hours. Track more dynamics on FNGU price chart.
FNGU net asset value is 20.65 today — it's risen 6.78% 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.
FNGU assets under management is ‪1.70 B‬ 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.
FNGU fund flows account for ‪1.26 B‬ 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.
FNGU 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, FNGU 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, FNGU technical analysis shows the buy 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 FNGU shows the sell signal. See more of FNGU technicals for a more comprehensive analysis.
No, FNGU doesn't pay dividends to its holders.
FNGU trades at a premium (0.13%).
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.
FNGU shares are issued by Bank of Montreal
FNGU follows the NYSE FANG+ 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.