Bank Of Montreal MicroSectors Energy 3X Leveraged ETNsBank Of Montreal MicroSectors Energy 3X Leveraged ETNsBank Of Montreal MicroSectors Energy 3X Leveraged ETNs

Bank Of Montreal MicroSectors Energy 3X Leveraged ETNs

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Key facts today


The Bank of Montreal reported positive earnings, contributing to a record high for the Toronto Stock Exchange's S&P/TSX composite index.
Several firms have raised their price targets for Bank of Montreal (BMO) shares, with estimates ranging from C$148.00 to C$166.00, reflecting positive market sentiment.
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Key stats


Assets under management (AUM)
‪12.34 M‬USD
Fund flows (1Y)
‪22.84 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.2%
Shares outstanding
‪1.50 M‬
Expense ratio
0.95%

About Bank Of Montreal MicroSectors Energy 3X Leveraged ETNs


Brand
REX Microsectors
Inception date
Feb 15, 2023
Structure
Exchange-Traded Note
Index tracked
Solactive MicroSectors Energy Index - Benchmark TR Gross
Management style
Passive
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
WTIU provides daily 3x 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 security’s 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, WTIU 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


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

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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 WTIU 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.
WTIU trades at 8.45 USD today, its price has risen 2.55% in the past 24 hours. Track more dynamics on WTIU price chart.
WTIU net asset value is 8.43 today — it's risen 4.15% 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.
WTIU assets under management is ‪12.34 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.
WTIU price has risen by 6.16% over the last month, and its yearly performance shows a −56.74% decrease. See more dynamics on WTIU price chart.
NAV returns, another gauge of an ETF dynamics, showed a −32.41% decrease in three-month performance and has decreased by −58.61% in a year.
WTIU fund flows account for ‪22.84 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.
WTIU expense ratio is 0.95%. 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, WTIU 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, WTIU technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating WTIU shows the sell signal. See more of WTIU technicals for a more comprehensive analysis.
No, WTIU doesn't pay dividends to its holders.
WTIU trades at a premium (0.25%).
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.
WTIU shares are issued by Bank of Montreal
WTIU 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.
The fund started trading on Feb 15, 2023.
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.