MicroSectors -3x Short Semiconductor ETN

SMHD was created on 2026-08-05 by REX Microsectors. The fund's investment portfolio concentrates primarily on information technology equity. SMHD is a note, a debt obligation of the issuing bank. The note seeks to provide 3x the inverse daily closing price of the VettaFi Semiconductor Fund-Tracking Index, before fees and expenses, resetting daily. The index tracks VanEck Semiconductor ETF (Ticker: SMH).