(NRGU) Bank of Montreal - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 59m USD | Total Return: 146.5% in 12m
Avg Turnover: 4.51M
Warnings
No concerns identified
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind
NRGU is a senior unsecured debt instrument issued by the Bank of Montreal, structured as an Exchange Traded Note (ETN). The product provides three times (3x) leveraged exposure to its underlying index, with returns compounded on a daily basis. Unlike traditional ETFs, ETNs are credit obligations of the issuer and do not hold a physical portfolio of securities.
The energy sector is characterized by high capital intensity and significant sensitivity to global crude oil and natural gas price fluctuations. This specific instrument utilizes a daily compounding methodology, which means its performance can deviate significantly from the underlying index over periods longer than a single trading session due to volatility decay. For a deeper look into these risk factors, you may want to review the metrics on ValueRay.
- Crude oil price volatility dictates leveraged inverse returns
- Daily compounding effects accelerate tracking error in non-trending markets
- U.S. energy sector performance inversely correlates with security valuation
- Bank of Montreal credit risk impacts senior unsecured note stability
- Daily investor fees and financing costs erode long-term net asset value
As of May 29, 2026, the stock is trading at USD 35.21 with a total of 63,641 shares traded.
Over the past week, the price has changed by -13.19%,
over one month by -7.34%,
over three months by +15.59% and
over the past year by +146.50%.
Bank of Montreal has no consensus analysts rating.