WTID — MicroSectors Energy 3X Inverse Leveraged ETNs
MicroSectors Energy 3X Inverse Leveraged ETNs (ticker: WTID) is a commodity ETF issued by BMO Financial Group tracking Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%). It was launched on 2023-02-15.
About WTID
WTID is an exchange-traded note (ETN) designed to provide 3x inverse leveraged exposure to the daily performance of the Solactive MicroSectors Energy Index. The note aims to deliver three times the opposite return of the benchmark index for a single day.
This ETN is intended for sophisticated investors seeking aggressive, short-term exposure to the inverse movements of the U.S. oil, gas, and consumable fuels segment. It is not suitable for long-term holding due to the effects of leverage and daily rebalancing.
- Provides 3x inverse leveraged exposure to the Solactive MicroSectors Energy Index.
- Categorized as a Leveraged Equities product focusing on the inverse U.S. Oil, Gas & Consumable Fuels segment.
- Has an expense ratio of 0.95% and was incepted on February 15, 2023.
- Managed by BMO Financial Group, with an AUM of $13M.
- Intended for short-term trading due to its daily leveraged structure.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | -3.21% |
| 1 Week | -3.00% |
| 1 Month | -16.27% |
| 3 Months | -19.25% |
| 6 Months | -58.39% |
| YTD | -60.94% |
| 1 Year | -72.14% |
| 3 Years | -84.85% |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | NA | NA | — |
| 2 | NA | NA | — |
| 3 | NA | NA | — |
| 4 | NA | NA | — |
| 5 | NA | NA | — |
| 6 | NA | NA | — |
| 7 | NA | NA | — |
| 8 | NA | NA | — |
| 9 | NA | NA | — |
| 10 | NA | NA | — |
Fund Profile
| Issuer | BMO Financial Group |
|---|---|
| Brand | REX Microsectors |
| Asset Class | commodity |
| Strategy | Vanilla |
| Structure | ETN |
| Category | Leveraged Equities |
| Segment | Inverse Equity: U.S. Oil, Gas & Consumable Fuels |
| Region | North America |
| Index Tracked | Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) |
| Inception Date | 2023-02-15 |
| Tax on Distributions | No distributions |
Quick Facts
| Ticker | WTID |
|---|---|
| Full Name | MicroSectors Energy 3X Inverse Leveraged ETNs |
| Issuer | BMO Financial Group |
| Asset Class | commodity |
| Expense Ratio | 0.01% |
| AUM | $13.09M |
| Inception | 2023-02-15 |
| Index Tracked | Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) |
Frequently Asked Questions
What does WTID track?
WTID (MicroSectors Energy 3X Inverse Leveraged ETNs) tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), a commodity benchmark.
What is the expense ratio of WTID?
WTID has an expense ratio of 0.01% per year.
What is the AUM of WTID?
WTID has approximately $13.09M in assets under management.
Does WTID pay a dividend?
WTID distributes income according to its prospectus (No distributions tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues WTID?
WTID is issued by BMO Financial Group under the REX Microsectors brand, launched on 2023-02-15.
Open the interactive WTID dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.