REX Shares launches 3x leveraged AI supply chain ETN

REX Shares and BMO are launching the MicroSectors 3x Long MANGOS+ ex Private Companies ETN (MNGU) on the NYSE Arca, scheduled to begin trading on August 27, 2026. The product provides 3x daily leveraged exposure to the NYSE MaNGoS+ Index, which consists of ten equally weighted publicly traded US companies involved in the artificial intelligence supply chain.

The index specifically excludes private companies such as OpenAI and Anthropic. Key constituents include Palantir, Microsoft, NVIDIA, Meta Platforms, and SpaceX, alongside semiconductor firms like Taiwan Semiconductor, Advanced Micro Devices, Broadcom, and Micron. SpaceX is included at a 7.7% weight following its IPO.

This launch is part of a broader period of US ETF and ETN activity between August 20 and August 27, 2026, which includes various products from providers such as Harbor AlphaEdge, Northern Trust, and GraniteShares.