BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 5.3% – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price was down 5.3% during trading on Friday . The company traded as low as $621.20 and last traded at $625.09. Approximately 193,791 shares changed hands during trading, a decline of 80% from the average daily volume of 983,531 shares. The stock had previously closed at $660.42.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Price Performance

The stock has a market cap of $445.58 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82. The business has a 50-day simple moving average of $532.22 and a two-hundred day simple moving average of $455.79.

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 grew its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 822 shares of the company’s stock after purchasing an additional 317 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 as of its most recent SEC filing.

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.