Rex and BMO launch 3x leveraged AI ETNs targeting daily traders
Rex Shares and Bank of Montreal have launched two new leveraged exchange-traded notes (ETNs) aimed at daily traders. The products, AIQU and AIQD, provide 3x long and short exposure to a basket of 25 AI-related companies. These ETNs are designed for short-term trading and carry significant risks, including potential total loss and volatility decay.
- ▪The new ETNs began trading on June 2, 2026.
- ▪AIQU offers 3x long daily exposure, while AIQD provides -3x short daily exposure to the BITA AI Leaders Select NTR US Index.
- ▪The underlying index includes 25 US-listed companies categorized as 'Purity Leaders' and 'Key Enablers' of AI.
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