BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $26.85, but opened at $27.40. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $26.63, with a volume of 339,371 shares trading hands.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 2.3 %
The firm’s fifty day moving average price is $24.52 and its 200 day moving average price is $31.20. The firm has a market capitalization of $19.12 billion, a PE ratio of 37.73 and a beta of -5.03.
Institutional Trading of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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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