MicroSectors™ -3× Short Semiconductor ETNs (SMHD)

MicroSectors™ -3× Short Semiconductor ETNs (SMHD) is an exchange-traded fund in the Trading Inverse Equity category. It has $22.64M in assets and an expense ratio of 0.00%. The index is a total return index that tracks the performance of the VanEck® Semiconductor ETF (the “Reference Fund”). The index is designed to provide exposure to the performance of 25 of the largest and most liquid U.S. exchange-listed companies in the semiconductor industry through a single fund-tracking vehicle.