MicroSectors FANG+ 3 Leveraged ETNs
FNGU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Feb 24, 2025
- CIK
- 0000927971
- Website
- microsectors.com
- Similar Companies
- Business
- MicroSectors FANG+ 3x Leveraged ETNs (FNGU), issued by Bank of Montreal, provides sophisticated investors with three times leveraged long participation in the daily performance of the NYSE FANG+ Index, compounded daily before fees and the decay effect from daily leverage reset; the NYSE FANG+ Index tracks an equal-weighted portfolio of 10 highly traded growth stocks in technology, media & communications, and consumer discretionary sectors, including Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc., Alphabet Inc., Alibaba Group Holding Ltd., Baidu Inc., Microsoft Corp., NVIDIA Corp., and Tesla Inc. The ETNs, listed on NYSE Arca with CUSIP 063679385, feature a daily investor fee of 0.95% per annum, a maturity date of February 17, 2045, and 80 million ETNs outstanding as of late 2025, targeting institutional and high-net-worth traders seeking amplified short-term exposure to these tech-heavy constituents rather than buy-and-hold strategies. MicroSectors, powered by REX Shares, LLC—a U.S.-based provider of innovative exchange-traded products founded by industry veteran Greg King—facilitates access to this product globally through its platform, with operations centered in the United States. In February 2025, Bank of Montreal redeemed the original FNGU series linked to the price return version of the index and launched a new issuance tied to the gross total return version, changing the ticker temporarily to FNGB before reverting to FNGU; this restructuring addressed operational enhancements and ensured continuity under NYSE guidelines, with the new ETNs commencing trading on February 24, 2025. In June 2025, BMO confirmed the ticker symbol reversion to FNGU, solidifying the product's market positioning amid strong demand reflected in over $2 billion market capitalization by December 2025.