MicroSectors U.S. Big Banks Index -2X Inverse Leveraged ETNs (BNKZ): Price and Financial Metrics ETF
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BNKZ Price/Volume Stats
MicroSectors U.S. Big Banks Index -2X Inverse Leveraged ETNs (BNKZ) ETF Bio
The investment seeks to reflect an inverse exposure t to reflect a 2x inverse leveraged exposure to the performance of the Solactive MicroSectorsTM U.S. Big Banks Index on a daily basis. The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a two times leveraged participation in the inverse performance of the index, compounded daily, less a Daily Investor Fee, any negative Daily Interest 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.