MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN (NRGD)
NRGD Price Chart
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NRGD ETF Profile
Key details and information about MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN (NRGD).
Sector Focus
Financial Services
Industry
Asset Management - Leveraged
Inception Date
20 Feb 2025
Country
US
Description
This senior, unsecured, medium-term note, issued by Bank of Montreal, is designed to deliver returns that are three times (3x) the inverse daily performance of its underlying index, compounded on a daily basis. Investors should note that these returns are subject to deductions including a daily investor fee, any negative daily interest, and, if applicable, a redemption fee. The underlying index itself is an equally dollar-weighted benchmark composed of the ten U.S.-listed energy and oil companies with the largest market capitalization.
NRGD ETF Performance
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