MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs Price & Performance (BNKD)

Bank of Montreal is set to redeem all outstanding MicroSectors FANG+ Index 3× Leveraged ETNs (FNGA) by May 15, 2025, citing increased costs. Investors are reminded of the new FNGB ETNs, offering similar exposure with updated fees. FNGA will be delisted May 14, with early redemption options available.12

Technical analysis for MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN (NRGD) shows a blend of signals: while the 20-day average suggests a buy, other indicators such as MACD and 5/10-day averages signal a sell. The Relative Strength Index remains neutral, reflecting uncertainty in short-term oil sector movements.34

MicroSectors U.S. Big Banks -3 Inverse Leveraged ETN (BNKD) has experienced significant price fluctuations, with a recent 9.93% gain since mid-March. Technicals are mixed: short-term averages suggest selling, while the 20-day average and rate of change indicate buying, highlighting ongoing volatility in the banking sector.56