MicroSectors Energy 3X Leveraged ETNs
WTIU
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
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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
- Feb 15, 2023
- CIK
- 0000927971
- Website
- microsectors.com
- Similar Companies
- Business
- MicroSectors Energy 3X Leveraged ETN (WTIU) is an exchange traded note issued by Bank of Montreal that provides three times leveraged participation in the daily performance of the Solactive MicroSectors Energy Index, compounded daily and minus fees. The underlying index is a total return benchmark tracking the stock prices of 12 highly liquid U.S. energy and oil companies, including major producers and service providers in the sector. The ETN trades on NYSE Arca under the ticker WTIU with CUSIP 06368L304, an issue date of February 17, 2023, and a scheduled maturity of January 29, 2043; it targets sophisticated investors seeking amplified exposure to U.S. energy sector trends amid volatility in oil prices and geopolitical factors. Bank of Montreal, founded in 1817 and headquartered in Montreal, Quebec, with operational headquarters in Toronto, Ontario, Canada, serves as the issuer for the MicroSectors suite of ETNs, which is developed and branded by REX Shares, LLC, a provider of leveraged and inverse exchange-traded products based in Fairfield, Connecticut. The ETN forms part of a broader lineup including the MicroSectors Energy -3X Inverse Leveraged ETN (WTID), offering targeted bullish and bearish strategies on energy equities without direct commodity futures exposure. These products cater to traders and institutions focused on short-term tactical positions rather than long-term buy-and-hold investments due to daily reset mechanics and associated risks such as leverage decay and market volatility. Recent developments include Bank of Montreal's announcement in June 2025 of its acquisition of Burgundy Asset Management Ltd., expanding capabilities in wealth management for high-net-worth clients and potentially bolstering support for structured products like ETNs. In August 2025, BMO executed an eighth supplemental indenture related to its debt securities framework, underscoring ongoing refinements to its issuance platform for MicroSectors products. Additionally, BMO implemented ticker symbol changes for related MicroSectors FANG+ 3X Leveraged ETNs in June 2025 and conducted a 1-for-20 reverse split on its Gold 3X ETNs in October 2025, signaling active management of its leveraged ETN portfolio amid market conditions.