Rhea-AI Summary
Bank of Montreal (BMO) will implement a 1-for-10 reverse split for two ETN series (GDXD and FNGD) effective at the open of trading on February 9, 2026. Each series will retain its ticker but receive a new CUSIP.
Fractional ETNs will be cashed out: Partials' cash payments are expected to be determined on February 18, 2026 and paid on or about February 20, 2026. Reverse-split adjusted Indicative Note Values will be calculated using the February 6, 2026 closing Indicative Note Value multiplied by the split factor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
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FAQ
What is the current stock price of MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD)?
MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038 (FNGD) last closed at $30.00.