MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN (BNKD) is a publicly traded company in the Financial Services sector, operating within the Asset Management industry.
BNKD has IPO date of 2025-02-20, listed on the NYSE, a market capitalization of $1.03M.
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 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.
