Rhea-AI Summary
Bank of Montreal (BMO) announced a 1-for-10 reverse split of two series of its exchange traded notes (ETNs), effective March 29, 2021. The ETNs affected are the MicroSectors™ U.S. Big Banks Index -3X Inverse Leveraged ETNs (BNKD) and the MicroSectors™ U.S. Big Oil Index -3X Inverse Leveraged ETNs (NRGD). Holders will receive one reverse split-adjusted ETN for every ten pre-split ETNs. Any fractional ETN will be compensated in cash based on the closing value determined on April 5, 2021, with payments made around April 8, 2021.
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FAQ
What is the current stock price of MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045 (BNKD)?
MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045 (BNKD) last closed at $32.69.