US index provider MerQube has partnered with REX Shares to launch two new MicroSector exchange traded notes (ETNs).
The two products are issued by Bank of Montreal (BMO) and track the performance of the MerQube’s MicroSector U.S. Travel Index. MicroSectors Travel 3X Leveraged ETNs (Ticker: FLYU) and MicroSectors Travel -3X Inverse Leveraged ETNs (Ticker: FLYD) are available for trading on NYSE Arca. Both offer daily resetting +3X leverage & -3X inverse leverage linked to the MerQube MicroSectors U.S. Travel Index. We see a lot of interest in option-based and option-embedded strategies that
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