BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report)’s stock price was up 3.6% during trading on Wednesday . The company traded as high as $19.73 and last traded at $19.61. Approximately 448,064 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,780,345 shares. The stock had previously closed at $18.92.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance
The stock has a market capitalization of $14.37 billion, a P/E ratio of 37.73 and a beta of -5.03. The company’s 50 day simple moving average is $22.54 and its two-hundred day simple moving average is $27.25.
Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,165 shares of the company’s stock, valued at approximately $43,000.
About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.
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