MicroSectors U.S. Big Oil Index Inverse ETNs
YGRN
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- IPO Date
- Apr 9, 2019
- Similar Companies
- Business
- MicroSectors U.S. Big Oil Index Inverse ETNs (YGRN) are exchange-traded notes issued by Bank of Montreal that provide inverse (-1x) daily exposure to the performance of the Solactive MicroSectors™ U.S. Big Oil Index, compounded daily and minus applicable fees. The underlying index is an equal-dollar weighted benchmark comprising the 10 largest U.S.-listed energy and oil companies by free-float market capitalization, including upstream energy, integrated oil and gas exploration and production, and downstream and midstream energy sectors; current components as of December 2025 include ConocoPhillips, Phillips 66, Diamondback Energy Inc., Devon Energy Corp., Exxon Mobil Corp., Chevron Corp., EOG Resources Inc., Occidental Petroleum Corp., Marathon Petroleum Corp., and Valero Energy Corp., rebalanced monthly to equal weights. Launched on April 12, 2019, with a maturity date of March 25, 2039, and listed on NYSE Arca, these ETNs target sophisticated investors seeking short exposure to the U.S. big oil microsector, with 500,000 ETNs outstanding and an intraday indicative value ticker of YGRNIV. The ETNs form part of the broader MicroSectors™ lineup, which also offers leveraged (+3x) and inverse leveraged (-2x, -3x) variants linked to the same index, such as NRGU, NRGO, NRGZ, and NRGD, enabling targeted trading strategies in concentrated energy sub-sectors. Geographically focused on U.S.-listed equities, the product serves institutional and retail traders in global financial markets via NYSE Arca. Bank of Montreal serves as the issuer, with index licensing and development involving REX Shares, LLC and Solactive AG. No major recent changes, such as new funding rounds, acquisitions, partnerships, product launches, or strategic shifts, have been reported for YGRN within the last 1-2 years; the ETN remains active with stable outstanding units and ongoing monthly index rebalancing as of late 2025. Historical context includes its initial launch alongside sibling products in April 2019 amid expansion of the MicroSectors™ energy-focused ETN suite.