TAWN - Bank of Montreal - MicroSectors 3x Long Taiwan ETNs due July 31, 2046
TAWN provides 3x leveraged long exposure to the VettaFi Taiwan Equity Fund Tracking Index. This index tracks the performance of the iShares MSCI Taiwan ETF (NYSE Arca: EWT), which provides broad exposure to the Taiwanese equity market. As a leveraged product, TAWN is not a buy-and-hold investment and should not be expected to provide three times the index return over periods longer than one day.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $5.8M
- Beta
- 0.00
- 52-Week Range
- 23.71-34.15
- IPO Date
- Aug 20, 2026
- Exchange
- CBOE
TAWN Options Snapshot
Options pricing data for TAWN 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 TAWN 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.
TAWN fund facts: expense ratio 0.95%, assets under management $6.0M, NAV $29.96 as of the data source's update on Oct 10, 2026, launched Aug 21, 2026, issued by REX Microsectors. See the TAWN holdings.
Frequently asked TAWN overview questions
- What is TAWN?
- TAWN is the ticker symbol for Bank of Montreal - MicroSectors 3x Long Taiwan ETNs due July 31, 2046, an listed exchange-traded fund. TAWN provides 3x leveraged long exposure to the VettaFi Taiwan Equity Fund Tracking Index. This index tracks the performance of the iShares MSCI Taiwan ETF (NYSE Arca: EWT), which provides broad exposure to the Taiwanese equity market. Listed on CBOE. TAWN 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 TAWN's key statistics?
- Bank of Montreal - MicroSectors 3x Long Taiwan ETNs due July 31, 2046 (TAWN) carries a market capitalization of $5.8M, 52-week range of 23.71-34.15. 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 TAWN belong to?
- Bank of Montreal - MicroSectors 3x Long Taiwan ETNs due July 31, 2046 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 TAWN'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 TAWN data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for TAWN, 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.