Fairfield-headquartered REX Shares LLC has launched of two new MicroSectors Exchange Traded Notes (ETNs) issued by Bank of Montreal linked to the Solactive MicroSectors Energy Index.
The ETNs, which begin trading on the NYSE Arca today, are the MicroSectors Energy 3x Leveraged ETNs (ticker: WTIU) and MicroSectors Energy -3x Inverse Leveraged ETNs (ticker:WTID). The Solactive MicroSectors Energy Index, which launched last month, tracks the performance of 12 highly liquid, U.S. stocks from the energy and oil sector.
“We are excited to expand on our existing energy related offerings with a new suite of leveraged and inverse leveraged exchange-traded notes,” said Scott Acheychek, CEO of REX Shares. “The energy suite will provide investors with exposure to 12 highly liquid companies that are at the forefront of global energy trends. Since founding MicroSectors in 2018, we have been dedicated to innovating the ETP landscape by offering unique exposures to popular investable market segments. We believe the addition of these ETNs to the product lineup furthers this objective.”
