MicroSectors Introduces Long and Short ETNs for US Travel
The MerQube MicroSectors US Travel Index, launched in November 2021, tracks the performance of large US-domiciled and listed companies operating in specific segments of the travel and tourism industry. On Tuesday, Walt Disney Co., Uber Technologies, Airbnb, Booking Holdings and Carnival Corp. were the five largest common stocks in the index.
REXa provider of alternative investment products, continues to see strong demand for hedging and trading tools based on specific market segments, such as equity securities of companies in the travel industry.
“We are delighted to partner with BMO and MerQube on the launch of the travel equity-focused exchange-traded note pair,” said Scott Acheychek, President of REX, in a press release. “The MerQube MicroSectors US Travel Index offers sophisticated investors access to many of the largest companies operating in travel and tourism, which has become a popular industry for trading due covid-19 and the volatility of travel and tourism stocks.
Acheychek added, “Since our inception, MicroSectors has focused on innovating the AND P by providing unique exposures to popular investment market segments. We are excited to pursue this goal by adding US Travel to our product line.
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