BNKD
MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNBNKD Fund Description
The MicroSectors U.S. Big Banks Index -3x Inverse Leveraged ETN tracks three times the inverse of the performance of an equal-weighted index of U.S. Large Banks.
BNKD Factset Analytics Insight
BNKD is an inverse leveraged take on U.S. Big Banks. Specifically, the fund tracks three times the inverse of the underlying index, which selects the 10 largest qualifying stocks and even weights them. BNKD charges a steep fee for such exposure; however, the product isn’t designed for long-term investors. The fund rebalances daily. As a result, compounding and path dependency make its long-term returns difficult to predict when compared with its underlying index.
BNKD CHARTS AND PERFORMANCE
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BNKD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BNKD. BNKD is rated a N/A out of 5.
BNKD Tradability
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
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[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
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