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BNKU — MicroSectors™ U.S. Big Banks 3x Leveraged ETN

MicroSectors™ U.S. Big Banks 3x Leveraged ETN (BNKU)

BNKU pays a 0.00% distribution rate, on a 0.35% expense ratio. Total return is 108.4% over the past 1.5 years, 79.0 points ahead of SPY at 29.4%. Its deepest 1-year drawdown was 41.0%.

BNKU is a leveraged exchange-traded note that aims to deliver three times the daily performance of large U.S. bank stocks, amplifying both gains and losses through financial leverage. The ETN carries a 0.35% expense ratio and does not currently distribute dividends, making it unsuitable for income-focused investors. This product is designed for experienced traders seeking short-term directional exposure to the banking sector rather than buy-and-hold investors, as leverage decay and market volatility can significantly erode value over extended holding periods.

BNKU key facts

Issuer
REX Shares
Asset type
ETN
Asset class
Equity
Inception date
02/20/2025
Expense ratio
0.35%
Distribution rate
0.00%
Last close
$48.36
AUM
$37,040,018
Average volume
3761.0
Beta
2.7267
P/E ratio
16.5047