Rex Shares and Bank of Montreal just gave traders a new way to make leveraged bets on the AI sector, and this time the instruments come with a 20-year shelf life.
The two firms launched a pair of MicroSectors-branded exchange-traded notes on June 2, 2026, trading on NYSE Arca. The MicroSectors 3x Long Artificial Intelligence ETN (AIQU) and MicroSectors -3x Short Artificial Intelligence ETN (AIQD) each provide threefold daily leveraged exposure to the BITA AI Leaders Select NTR US Index. In plain English: AIQU tries to triple whatever the AI index does on any given day, and AIQD tries to triple the inverse.
What’s actually inside these products
The underlying benchmark, the BITA AI Leaders Select NTR US Index (ticker: BAILSN), tracks 25 US-listed companies involved in artificial intelligence. Those companies fall into two buckets: “Purity Leaders,” which are firms that derive a high share of revenue directly from AI, and “Key Enablers,” the larger tech companies whose infrastructure and platforms make AI development possible.
The index is equal-weighted. Rather than letting a handful of mega-cap names dominate the portfolio the way market-cap weighting would, equal weighting spreads exposure across all 25 names more or less evenly.
