That said, the Bank of Montreal and REX Shares have expanded their MicroSectors product lineup with a recent launch of four new exchange-traded notes (ETNs) on the Cboe BZX Exchange: MicroSectors 3X Long High Yield Corporate Bond ETN (HYGU), MicroSectors -3X Short High Yield Corporate Bond ETN (HYGD), MicroSectors 3X Long Investment Grade Corporate Bond ETN (LQDU), and the MicroSectors -3X Short Investment Grade Corporate Bond ETN (LQDD). Key Takeaways:Bank of Montreal and REX Shares launched four MicroSectors ETNs (HYGU, HYGD, LQDU, LQDD) offering the first U.S.-listed 3x leveraged long and short daily exposure to high-yield and investment-grade corporate bond benchmarks. See More: Amplifying SMH Exposure: REX Shares Debuts SMHU & SMHDDirect Exposure to Corporate Debt BenchmarksThese instruments represent the first U.S.-listed exchange-traded products designed to deliver three-times (+3x) leveraged long and (-3x) short daily exposure to high-yield and investment-grade corporate bond benchmarks. HYGU and HYGD track the VettaFi High Yield Corporate Bond Fund-Tracking Index, which replicates the daily returns of the iShares iBoxx $ High Yield Corporate Bond ETF (HYG). Simultaneously, LQDU and LQDD track the VettaFi Investment Grade Corporate Bond Fund-Tracking Index to provide amplified daily exposure to the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD).