BNKOMicroSectors U.S. Big Banks Index 2x Leveraged ETN
BNKO Fund Description
The MicroSectors U.S. Big Banks Index 2x Leveraged ETN tracks three times the inverse of the performance of an equal-weighted index of U.S. Large Banks.
BNKO Factset Analytics Insight
BNKO is a leveraged take on U.S. Big Banks. Specifically, the fund tracks two times the underlying index, which selects the 10 largest qualifying stocks and even weights them. BNKO 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.
BNKO Charts And Performance
BNKO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of BNKO. BNKO is rated a N/A out of 5.