BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Price Up 7.9% – What’s Next?

Posted by Jeff Wilder on Nov 2nd, 2024

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) rose 7.9% on Thursday . The stock traded as high as $20.20 and last traded at $20.14. Approximately 1,430,785 shares traded hands during mid-day trading, a decline of 21% from the average daily volume of 1,802,014 shares. The stock had previously closed at $18.67.

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

The stock has a fifty day moving average of $22.11 and a 200 day moving average of $26.57. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.

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. bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 1,165 shares of the company’s stock, valued at approximately $43,000.

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

(Get Free Report)

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.