MicroSectors FANG+ Index Inverse ETN (GNAF)
ETF analysis · AMEX · Financial Services · Asset Management - Leveraged
MicroSectors FANG+ Index Inverse ETN (GNAF) is an exchange-traded fund in the Financial Services sector. Latest price: $12.72. Market cap $12.67M. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
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About MicroSectors FANG+ Index Inverse ETN
This investment product is designed to deliver returns that are inversely correlated to the daily performance of the NYSE Fang+™ Index. It is structured as senior unsecured medium-term notes, issued by Bank of Montreal. The return generated by these notes is directly tied to the opposite movement of the underlying index, calculated and compounded on a daily basis. From this return, several deductions are made: a daily investor fee, any negative daily interest that may accrue, and a redemption fee if applicable. The NYSE Fang+™ Index itself is an equal-dollar weighted benchmark. It tracks a concentrated group of actively traded, high-growth companies from both the technology and consumer discretionary sectors, specifically focusing on those that are primarily technology firms or heavily reliant on technology.
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