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