The exchange-traded notes (ETNs), listed on NYSE Arca, offer leveraged long and short exposure to a net total return index of artificial intelligence (AI)-related US equities.
Bank of Montreal (BMO) and Rex Shares has launched two ETNs linked to the performance of the Bita AI Leaders Select NTR US Index. The index is structured as a net total return index The joint announcement by the firms stated that the securities - MicroSectors 3× Long Artificial Intelligence (AIQU) ETN and MicroSectors -3× Short Artificial Intelligence ETNs (AIQD) - have been trading on the NYSE Arca since 2 June. The underlying index, created and maintained by Bita, tracks