NRGUMicroSectors U.S. Big Oil Index 3X Leveraged ETN
NRGU Fund Description
NRGU tracks three times the performance of an equal-weighted index of US Oil & Gas companies.
NRGU Factset Analytics Insight
NRGU is a leveraged take on US Oil and Gas industry and tracks three times its underlying index - Solactive MicroSectors U.S. Big Oil Index. The index selects the 10 most liquid stocks from the Solactive GBS United States Large & Mid Cap Index, screened for market cap and liquidity. Specifically, those with above USD 1 billion free-float market cap and those with minimum of 1-month and 6-month ADTV above USD 25 million are included. The index is weighted equally and TRBC Oil & Gas Industry classification is used. It’s worth noting that 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.
NRGU Summary Data
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NRGU Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NRGU. NRGU is rated a 5 out of 5.