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NEW YORK, Feb. 12, 2026 /PRNewswire/ - Bank of Montreal ("BMO") today announced that it will be implementing reverse splits of six series of its outstanding Exchange Traded Notes listed in the table below (each, an "ETN" and, collectively, the "ETNs"). Each reverse split is expected to be effective at the open of trading on February 24, 2026 (the "Effective Date").

MicroSectors U.S. Big Banks -3X Inverse Leveraged ETNs (NYSEARCA:BNKD - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 4,378 shares, a growth of 24.7% from the December 15th total of 3,512 shares. Approximately 2.7% of the