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MicroSectors U.S. Big Banks Index Inverse ETNs
KNAB•AMEX
Financial Services
Asset Management - Leveraged
$31.50
$-3.19(-9.21%)
MicroSectors U.S. Big Banks Index Inverse ETNs (KNAB) Stock Overview
Explore MicroSectors U.S. Big Banks Index Inverse ETNs’s financial performance, market position, analyst ratings, and future outlook.
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Company Profile
The investment seeks to reflect an inverse 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 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.
Founded
2019