MicroSectors Travel 3x Leveraged ETN
FLYU
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
- Jun 22, 2022
- CIK
- 0000927971
- Website
- microsectors.com
- Similar Companies
- Business
- MicroSectors Travel 3X Leveraged ETNs (FLYU) are exchange-traded notes issued by Bank of Montreal that provide three times leveraged exposure to the daily performance of the MerQube MicroSectors U.S. Travel Index, compounded daily and minus fees; the index tracks total returns of U.S.-domiciled and listed securities engaged in travel industry segments including airlines, hotels, cruises, online travel agencies, casinos, and ride-sharing. The ETNs, listed on NYSE Arca with ticker FLYU (CUSIP 06368J200), target sophisticated investors for single-day trading rather than long-term holding due to compounding effects. Bank of Montreal, founded in 1817 and headquartered in Montreal, Quebec with operational headquarters in Toronto, Ontario, issues the ETNs through its U.S. operations and affiliates like BMO Capital Markets Corp., which serves as underwriter. The underlying index includes major holdings such as Uber Technologies (14.14%), Walt Disney (13.20%), Booking Holdings (9.40%), Airbnb (7.98%), and Carnival Corp. (5.23%), representing exposure to travel-related consumer discretionary sectors. FLYU launched on June 24, 2022, with maturity on May 29, 2042, and as of December 2025 maintains 160,000 ETNs outstanding with a market capitalization of approximately $8.3 million. Bank of Montreal offers a lineup of MicroSectors ETNs covering various sectors, with FLYU focused on U.S. travel; the firm operates globally across North America, Europe, and Asia in banking, wealth management, and capital markets. Recent developments for Bank of Montreal include the announcement on June 2, 2025, of a ticker symbol change for its MicroSectors FANG+ 3X Leveraged ETNs, reflecting ongoing management of its ETN portfolio. In June 2025, the bank agreed to acquire Burgundy Asset Management to expand wealth management capabilities for high-net-worth clients, with the deal expected to close by year-end. Additionally, BMO reported strong fiscal 2025 results with adjusted EPS of $3.28 in Q4, a 5% dividend increase to $1.67 per share, and the sale of 138 branches in non-core U.S. markets to reinvest in key growth areas.