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MicroSectors -3? Short Artificial Intelligence (AI) ETNsMicroSectors -3? Short Artificial Intelligence (AI) ETNsMicroSectors -3? Short Artificial Intelligence (AI) ETNs

MicroSectors -3? Short Artificial Intelligence (AI) ETNs

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Key stats


Assets under management (AUM)
‪19.43 M‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
—
Discount/Premium to NAV
−0.3%
Shares outstanding
‪500.00 K‬
Expense ratio
0.95%

Fund info


Issuer
Bank of Montreal
Brand
REX Microsectors
Home page
bmoetns.com
Inception date
Jun 1, 2026
Structure
Exchange-Traded Note
Index tracked
BITA AI Leaders Select Index - USD - Benchmark TR Net
Management style
Passive
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
ISIN
US0636792865
CUSIP
063679286
FIGI
BBG022MHC2L0
Identifiers
ISIN US0636792865
AIQD provides -3x daily inverse exposure to an index of 25 US-listed companies involved in artificial intelligence technologies. The underlying index combines companies with significant AI-related revenue exposure and larger technology firms considered key enablers of AI development, deployment, and business applications. Constituents are selected using thematic exposure and liquidity criteria, with five AI-focused companies and 20 broader technology companies included in the portfolio. The index uses a hybrid weighting approach that combines liquidity-based and equal weighting and is rebalanced monthly, with quarterly reconstitutions. Because the note resets its leverage daily, returns over periods longer than one day can differ significantly from -3x the cumulative performance of the index. AIQD is intended primarily for short-term trading rather than long-term holding.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Robotics & AI
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Tiered
Selection criteria
Market cap

News



Ideas



See all ideas 

Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral

Frequently asked questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
AIQD trades at 37.47 USD today, its price has fallen −3.68% in the past 24 hours. Track more dynamics on AIQD price chart.
AIQD net asset value is 37.60 today — it's fallen 21.95% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
AIQD assets under management is ‪19.43 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
AIQD fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
AIQD expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
AIQD is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
No, AIQD doesn't pay dividends to its holders.
AIQD trades at a premium (0.34%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
AIQD shares are issued by Bank of Montreal
AIQD follows the BITA AI Leaders Select Index - USD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 1, 2026.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.