Key stats
About Bank Of Montreal MicroSectors Energy 3X Inverse Leveraged ETNs
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Inception date
Feb 15, 2023
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
WTID provides daily 3x inverse exposure to an index of large-cap companies in the oil and energy sector exhibiting high liquidity. The portfolio contains some of the largest integrated oil and gas firms, fossil fuel exploration and production companies, and petroleum refineries. The selection process begins with the index universe ranked in descending order according to each securitys liquidity with the top 12 selected as the final index constituents. Each constituent is then assigned a weighting based on the same manner, with individual capping at 15% and the top 5 constituents total weight capped at 60%. The index is rebalanced monthly. As a leveraged product with -3x factor that resets daily, WTID 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
WTID assets under management is 2.04 M USD. It's fallen 12.33% over the last month.
WTID fund flows account for 0.00 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.
No, WTID doesn't pay dividends to its holders.
WTID shares are issued by Bank of Montreal under the brand REX Microsectors. The ETF was launched on Feb 15, 2023, and its management style is Passive.
WTID expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
WTID follows the Solactive MicroSectors Energy Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
WTID price has fallen by −14.80% over the last month, and its yearly performance shows a −25.08% decrease. See more dynamics on WTID price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −11.27% over the last month, showed a −43.90% decrease in three-month performance and has decreased by −26.65% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −11.27% over the last month, showed a −43.90% decrease in three-month performance and has decreased by −26.65% in a year.
WTID trades at a premium (0.09%) meaning the ETF is trading at a higher price than the calculated NAV.