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BNKD — MicroSectors™ U.S. Big Banks -3x Inverse Leveraged ETNs

MicroSectors™ U.S. Big Banks -3x Inverse Leveraged ETNs (BNKD)

BNKD pays a 0.00% distribution rate, on a 0.35% expense ratio. Total return is -81.0% over the past 1.5 years, 110.4 points behind SPY at 29.4%. Its deepest 1-year drawdown was 69.8%.

BNKD is a leveraged inverse ETN that aims to deliver three times the opposite daily performance of large U.S. banking stocks, making it a bearish bet on the financial sector designed for traders expecting near-term declines in major banks. The product carries a 0.35% expense ratio and produces no income distributions, as its structure is built for capital appreciation or loss rather than yield generation. This instrument appeals primarily to sophisticated traders and tactical investors seeking to hedge banking sector exposure or profit from anticipated downturns, rather than traditional income-focused investors.

BNKD key facts

Issuer
REX Shares
Asset type
ETF
Asset class
Equity
Inception date
02/20/2025
Expense ratio
0.35%
Distribution rate
0.00%
Last close
$25.44
AUM
$1,148,983
Average volume
1241.0
Beta
-2.7671
P/E ratio
13.562