MicroSectors U.S. Big Oil Index -2X Inverse Leveraged ETNs (NRGZ) Research
This financial product aims to deliver daily returns that are two times the inverse of the Solactive MicroSectorsTM U.S. Big Oil Index's performance. These are senior, unsecured medium-term notes, issued by the Bank of Montreal, with their value directly tied to a twofold leveraged inverse movement of the underlying index, calculated and compounded daily. This return is, however, subject to deductions for a Daily Investor Fee, any applicable negative Daily Interest, and a Redemption Fee, if triggered. The index itself is an equally dollar-weighted benchmark, comprising the ten largest U.S.-listed companies by market capitalization within the energy and oil sector.
Market snapshot
- Symbol
- NRGZ
- Price
- $19.68
- Day change
- -0.15%
- Market cap
- $28.5M
- 52-week range
- 19.56-188.47
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
Peer companies
- MicroSectors U.S. Big Banks Index -2X Inverse Leveraged ETNs (BNKZ)
- UBS ETRACS Monthly Pay 2xLeveraged Dow Jones Select Dividend Index ETN (DVYL)
- UBS AG FI Enhanced Global High Yield ETN (FIHD)
- VanEck Vectors Unconventional Oil & Gas ETF (FRAK)
- VanEck Vectors Morningstar Global Wide Moat ETF (GOAT)
- MicroSectors U.S. Big Banks Index Inverse ETNs (KNAB)
- First Trust Small Cap US Equity Select ETF (RNSC)
- UBS ETRACS Monthly Pay 2xLeveraged US Small Cap High Dividend ETN (SMHD)
Open MicroSectors U.S. Big Oil Index -2X Inverse Leveraged ETNs (NRGZ) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.