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.

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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 range31.82 – 32.57
Net asset value (NAV)30.50 (08/10/2022)
Daily volume36,365
Average volume (3 months)142,944
Data as of 10:50am ET, 08/12/2022

Peer Comparisonvs. Trading--leveraged equity ETFs

 BNKUCategory
Performance 5-yr return--+16.48%
Expense Gross exp ratio0.95%--
Risk 5 year sharpe ratio----
Net assets$71.0M--
Average market cap$153.1B$128.2B
Average P/E15.016.1
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 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
BAC Bank of America10.00%
TFC Truist Financial Corp10.00%
C Citigroup10.00%
GS Goldman Sachs10.00%
JPM JPMorgan Chase10.00%
MS Morgan Stanley10.00%
PNC PNC Financial Services Group10.00%
SCHW Charles Schwab10.00%
USB US Bancorp10.00%
WFC Wells Fargo10.00%