MicroSectors™ U.S. Big Banks Index 3X Leveraged ETNs (BNKU)
| 32.39 BATS BZX Real-Time Price As of 10:50am ET |  +0.39 / +1.22%Today’s Change | 19.20 Today|||52-Week Range 74.41 | -40.70% Year-to-Date |
Investment Objective
The investment seeks to reflect a 3x leveraged long exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. stocks with the largest market capitalization in the banking sector.
Latest BNKU News
| Top 5 2nd Quarter Trades of CIBC Asset Management Inc Aug 10 / GuruFocus News - Paid Partner Content | Best Inverse/Leveraged ETFs of Last Week Aug 08 / Zacks.com - Paid Partner Content |
| Nvidia Tumbles on Fiscal Q2 Revenue Warnings: ETFs in Focus Aug 09 / Zacks.com - Paid Partner Content | Best-Performing Leveraged ETF Areas of Last Week Aug 01 / Zacks.com - Paid Partner Content |
Performance
| 1 month | +28.89% | 3 years | -13.66% | |
| 3 months | +10.68% | 5 years | -- | |
| 1 year | -47.83% | Since inception | -13.69% |
Data through 08/11/2022
Quote Details
| Previous close | $32.00 |
| Open day’s range | 31.82 – 32.57 |
| Net asset value (NAV) | 30.50 (08/10/2022) |
| Daily volume | 36,365 |
| Average volume (3 months) | 142,944 |
Data as of 10:50am ET, 08/12/2022
Peer Comparisonvs. Trading--leveraged equity ETFs
| BNKU | Category | |
|---|---|---|
| Performance 5-yr return | -- | +16.48% |
| Expense Gross exp ratio | 0.95% | -- |
| Risk 5 year sharpe ratio | -- | -- |
| Net assets | $71.0M | -- |
| Average market cap | $153.1B | $128.2B |
| Average P/E | 15.0 | 16.1 |
| Dividend / Share | -- | 0.59% |
Competitors
| SPUU Direxion Daily S&P 500® Bull 2X Shares |
| SSO ProShares Ultra S&P500 |
| TECL Direxion Daily Technology Bull 3X Shares |
Holdings
Top 5 SectorsPortfolio weighting
| Business service | -- |
| Consumer goods | -- |
| Consumer service | -- |
| Energy | -- |
| Financial service | -- |
Top 10 HoldingsPortfolio weighting
| BAC Bank of America | 10.00% |
| TFC Truist Financial Corp | 10.00% |
| C Citigroup | 10.00% |
| GS Goldman Sachs | 10.00% |
| JPM JPMorgan Chase | 10.00% |
| MS Morgan Stanley | 10.00% |
| PNC PNC Financial Services Group | 10.00% |
| SCHW Charles Schwab | 10.00% |
| USB US Bancorp | 10.00% |
| WFC Wells Fargo | 10.00% |
