BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Reaches New 52-Week High – Should You Buy?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $660.00 and last traded at $660.00, with a volume of 26057 shares traded. The stock had previously closed at $643.18.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Down 3.8 %

The company has a 50 day moving average price of $500.90 and a 200 day moving average price of $441.63. The firm has a market cap of $487.74 billion, a PE ratio of 123.65 and a beta of 4.82.

Institutional Investors Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC boosted its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 245.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 505 shares of the company’s stock after buying an additional 359 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $225,000 as of its most recent filing with the SEC.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.