DV
Dividend Vision

XXXX — MAX S&P 500 4X Leveraged ETN

Renamed. The figures below are frozen at this symbol's final trading day. Now trading as SPYU.

MAX S&P 500 4X Leveraged ETN (XXXX)

MAX S&P 500 4X Leveraged ETN seeks to deliver four times the daily performance of the S&P 500 Index through leverage, making it a tool for traders seeking amplified equity exposure rather than income. The ETN charges no explicit expense ratio and does not distribute dividends, focusing instead on capital appreciation through daily rebalancing to maintain its 4x leverage ratio. This product appeals to experienced traders and short-term speculators willing to accept substantial volatility and the structural decay risk inherent in leveraged instruments, rather than traditional dividend or long-term income investors. Bank of Montreal changed these ETNs' ticker to SPYU before the open on May 28, 2024; see SPYU for the continuing notes. The figures on this page are frozen at XXXX's final session, May 24, 2024.

XXXX key facts

Issuer
Bank of Montreal
Asset type
ETN
Asset class
Equity
Inception date
12/04/2023
Expense ratio
0.00%
Last close
$38.54
AUM
$156,078,656
Average volume
535608.0