MicroSectors™ Launches Oil & Gas Exploration & Production Exchange Traded Notes on NYSE Arca

Source: www.gulfoilandgas.com 11/9/2021, Location: North America

REX Shares, LLC (“REX”) is pleased to announce the launch of two new MicroSectors Exchange Traded Notes (“ETNs”) issued by Bank of Montreal (“BMO”) linked to the Solactive MicroSectors™ Oil & Gas Exploration & Production Index. MicroSectors™ Oil & Gas Exploration & Production 3x Leveraged ETNs and MicroSectors™ Oil & Gas Exploration & Production -3x Inverse Leveraged ETNs will start trading today on NYSE Arca.

The Solactive MicroSectors™ Oil & Gas Exploration & Production Index, was launched in October 2021, and tracks the stock prices of large-capitalization companies that are domiciled and listed in the U.S. and that are active in the exploration and production of oil and gas.

“We are excited to bring another pair of leveraged and inverse leveraged exchange-traded notes to market with BMO and Solactive,” said Scott Acheychek, President of REX. “MicroSectors focuses on innovating the exchange traded products (“ETPs”) landscape by offering targeted indices across popular market segments, such as U.S. energy, U.S. large cap banks, and U.S. big tech.”

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