MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN
BERZ
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 900 Third Avenue, 31st Floor New York NY United States of America 10022
- IPO Date
- Aug 18, 2021
- CIK
- 0000927971
- Website
- microsectors.com
- Similar Companies
- Business
- Bank of Montreal (BMO) issues the MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETNs (ticker: BERZ), providing three times inverse leveraged participation, compounded daily, in the performance of the Solactive FANG Innovation Index, net of fees. The ETNs track the total return index comprising 15 large-capitalization U.S. technology stocks, including core components such as Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc., Alphabet Inc., NVIDIA Corp., Tesla Inc., and additional names like Broadcom Inc., Advanced Micro Devices Inc., Salesforce Inc., Adobe Inc., and others across technology, communication services, and consumer cyclical sectors; they target sophisticated investors seeking short-term exposure to declines in FANG & innovation stocks. Headquartered in Montreal, Quebec, with operational headquarters in Toronto, Ontario, since 1977, BMO founded in 1817 operates globally, including in North America and key financial markets, as a diversified banking and capital markets firm offering structured products like ETNs through affiliates such as BMO Capital Markets Corp. Recent developments include a 1-for-10 reverse split for BERZ on March 25, 2024; ongoing SEC filings for new structured notes in October 2025 with features like autocallable coupons and buffers; increases in financing spreads for related MicroSectors ETNs such as Gold Miners 3X Leveraged in November 2025; ticker symbol changes for FANG+ 3X Leveraged ETNs (FNGB) in June 2025; and redemptions of select MicroSectors ETNs in July 2024 and February 2025, alongside launches of replacement products. These activities reflect BMO's continued expansion and management of its MicroSectors lineup of leveraged and inverse ETNs focused on niche market segments.