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

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

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NRGU chart


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Key stats


Assets under management (AUM)
‪7.39 M‬ USD
Fund flows (1Y)
‪3.76 M‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
−0.06%
Shares outstanding
‪500.00 K‬
Expense ratio
2.60%

About Bank Of Montreal MicroSectors U.S. Big Oil 3 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 Oil Index
Management style
Passive
Dividend treatment
Capitalizes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
NRGU is a leveraged take on the US Oil and Gas industry and tracks three times its underlying index. The index selects the 10 most liquid stocks from the Solactive GBS United States Large & Mid Cap Index, screened for market cap and liquidity. Specifically, those with above USD 1 billion free-float market cap and those with minimum of 1-month and 6-month ADTV above USD 25 million are included. The index is weighted equally and TRBC Oil & Gas Industry classification is used. It’s worth noting that the product isn’t 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 with its underlying index. NRGU is essentially a relaunch of an old ETN that was available from April 9, 2019, to July 24, 2024, with the same ticker and exposure.

Classification


Asset Class
Equity
Category
Sector
Focus
Energy
Niche
Oil, gas & consumable fuels
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Market cap

NRGU news



Ideas



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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

Broaden your horizons with more funds linked to NRGU 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.
NRGU trades at 14.37 USD today, its price has fallen −2.62% in the past 24 hours. Track more dynamics on NRGU price chart.
NRGU net asset value is 14.38 today — it's risen 10.35% 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.
NRGU assets under management is ‪7.39 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.
NRGU fund flows account for ‪3.76 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.
NRGU 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, NRGU is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, NRGU doesn't pay dividends to its holders.
NRGU trades at a premium (0.06%).
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.
NRGU shares are issued by Bank of Montreal
NRGU follows the Solactive MicroSectors U.S. Big Oil 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.