BNKDMicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN
BNKD 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
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.