MicroSectors U.S. Big Oil Index 3X Leveraged ETNs logo

MicroSectors U.S. Big Oil Index 3X Leveraged ETNsNYSE American: NRGU

Profile

Assets class:

Equity

Assets under management:

$2 B

Average volume:

$20 K

Domicile:

US

Expense ratio:

0.95%

Inception date:

16 April 2019

Website:

-

Last dividends:

N/A

Next dividends:

N/A
Name
Weight
10.00 %
Chevron logo
Chevron(CVX)
10.00 %
10.00 %
Hess logo
Hess(HES)
10.00 %
10.00 %
10.00 %
10.00 %

Top countries

Name
Weight
United States
100.00 %

Dividend

No data over the past 3 years

NRGU Latest News

NRGU: A Levered Unsecured Oil Play At The Exact Wrong Time
Seeking Alpha08 September 2023 Sentiment: -

Oil prices are surging, raising the risks of stagflation and inflation. The MicroSectors U.S. Big Oil Index 3X Leveraged ETNs is a dangerous investment due to its leveraged structure and credit risk. NRGU tracks the Solactive MicroSectors U.S. Big Oil Index, which provides a balanced representation of the energy sector.

What is NRGU ETF?

The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a three times leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent the 10 U.S. listed stocks with the largest market capitalization in the energy/oil sector.

What is NRGU assets class?

Assets class of NRGU ETF is 'Equity'

What is NRGU assets under management?

Assets under management of NRGU ETF is $2 B

What is NRGU average volume?

Average volume of NRGU ETF is $20 K

What is NRGU domicile?

Domicile of NRGU ETF is US

What is NRGU expense ratio?

Expense ratio of NRGU ETF is 0.95%

What is NRGU inception date?

Inception date of NRGU ETF is 16 April 2019

What is NRGU website?

Website of NRGU ETF is null