BMO and REX Expand MicroSectors With Four 3× Sector ETNs

BMO and REX Shares have launched four MicroSectors ETNs on Cboe BZX, providing 3× long and -3× short daily exposure to two State Street sector ETFs. The MicroSectors 3× Long Communication Services ETNs (XLCU) and -3× Short Communication Services ETNs (XLCD) reference an index tracking the Communication Services Select Sector SPDR Fund (XLC). The MicroSectors 3× Long Consumer Staples ETNs (XLPU) and -3× Short Consumer Staples ETNs (XLPD) reference an index tracking the Consumer Staples Select Sector SPDR Fund (XLP). Designed for sophisticated investors, all four reset leverage daily and carry compounding and decay risks over longer holding periods.