BMO and REX Launch 3x Leveraged Semiconductor ETNs

BMO and REX Shares have launched two MicroSectors™ exchange-traded notes providing amplified exposure to the semiconductor sector: the 3× Long Semiconductor ETN (SMHU) and the -3× Short Semiconductor ETN (SMHD). The products seek to deliver three times the daily performance, positive or negative, of the VettaFi Semiconductor Fund-Tracking Index, which tracks the VanEck Semiconductor ETF (SMH). Designed for sophisticated investors, the ETNs use daily leverage and reset mechanisms, making them tactical trading tools rather than long-term investments. The notes began trading on Cboe BZX and expand the range of leveraged and inverse products available for expressing bullish or bearish views on the semiconductor industry.