SMHU - Bank of Montreal - MicroSectors 3x Long Semiconductor ETNs
SMHU is a short-term trading tool, not buy-and-hold investment. The product is structured as an exchange traded note, which is an unsecured debt obligation of the issuing bank, thus introducing credit risk to traders of the shares. SMHU aims to provide 3x the daily closing price of the VanEck Semiconductor ETF (SMH), an ETF tracking a concentrated index of 25 largest semiconductor stocks, globally.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $26.5M
- Beta
- 0.00
- 52-Week Range
- 22.8-36.7
- IPO Date
- Aug 4, 2026
- Exchange
- CBOE
SMHU Options Snapshot
Options pricing data for SMHU is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The SMHU overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
SMHU fund facts: expense ratio 0.70%, assets under management $31.4M, NAV $31.38 as of the data source's update on Oct 10, 2026, launched Aug 5, 2026, issued by REX Microsectors. See the SMHU holdings.
Frequently asked SMHU overview questions
- What is SMHU?
- SMHU is the ticker symbol for Bank of Montreal - MicroSectors 3x Long Semiconductor ETNs, an listed exchange-traded fund. SMHU is a short-term trading tool, not buy-and-hold investment. The product is structured as an exchange traded note, which is an unsecured debt obligation of the issuing bank, thus introducing credit risk to traders of the shares. Listed on CBOE. SMHU is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are SMHU's key statistics?
- Bank of Montreal - MicroSectors 3x Long Semiconductor ETNs (SMHU) carries a market capitalization of $26.5M, 52-week range of 22.8-36.7. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does SMHU belong to?
- Bank of Montreal - MicroSectors 3x Long Semiconductor ETNs operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare SMHU's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the SMHU data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for SMHU, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.