Travel

MicroSectors™ Launches Long and Short US Travel Bonds on NYSE Arca

NEW YORK, June 21, 2022 /PRNewswire/ – REX Shares, LLC (“REX”) today announced the issuance of two new MicroSectors Exchange Notes (ETN) issued by the Bank of Montreal (BMO) linked to the US MerQube MicroSectors Travel Index (Ticker: MQUSTRAV). 3x MicroSectors Travel ETN (ticker: FLYU) and MicroSectors Travel -3x Reverse Leverage ETN (ticker: FLYD) will start trading tomorrow on NYSE Arca.

US travel index MerQube MicroSectors, launched in October 2021, tracks the performance of large U.S. listed and registered companies operating in specific segments of the travel and tourism industry. At the time of this issue, the Walt Disney Company, Uber Technologies, Inc., Airbnb, Inc., Booking Holdings Inc. and Carnival Corporation were the top five common stocks in the index.

REX, a provider of alternative investment products, continues to see strong demand for hedging and trading instruments based on certain market segments, such as travel industry equity securities.

“We are excited to partner with BMO and MerQube on the launch of a pair of exchange-traded bonds focused on tourism capital,” it said in a statement. Scott Acheichek, president of REX. “The MerQube MicroSectors US Travel Index offers sophisticated investors access to many of the largest travel and tourism companies that have become a popular industry to trade due to COVID-19 and the volatility of travel and tourism stocks,” Acheichek added. “Since its inception, MicroSectors has focused on innovation in the ETP space, providing unique opportunities for popular investment market segments. We are excited to continue this goal by adding US Travel to our product line.”

About REX promotions
REX Shares (“REX”), founded in 2015, is an independent ETP provider based in Miami, Florida. As ETP architects, the REX team creates investment vehicles that address a range of specific challenges in investor portfolios. The firm has many years of experience in structuring and creating innovative solutions for exchange products.

For more information, visit www.rexshares.com or www.microsectors.com.

Twitter: @REXShares as well as @MSectors

About BMO Financial Group
With over 200 years of customer service, BMO is a highly diversified financial services provider and is the 8th largest bank in North America by assets. With total assets of $1.04 trillion as of April 30, 2022 and a diverse and highly skilled team of employees, BMO provides a wide range of products and services for retail and commercial banking, asset management and investment banking to more than 12 million customers and runs through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

ETNs are BMO’s senior unsecured obligations.

Investment suitability must be determined individually for each investor, and ETNs may not be suitable for all investors. This information is not intended to be provided and should not be relied upon…

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