BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Price Down 4.1% – What’s Next?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s share price traded down 4.1% during trading on Friday . The company traded as low as $11.66 and last traded at $11.68. 726,487 shares changed hands during trading, a decline of 87% from the average session volume of 5,595,286 shares. The stock had previously closed at $12.18.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance

The company has a market cap of $8.55 billion, a PE ratio of 37.73 and a beta of -5.03. The business has a 50 day moving average of $13.58 and a 200 day moving average of $19.40.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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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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