BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 3.6% – Time to Sell?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shares traded down 3.6% during trading on Wednesday . The company traded as low as $635.80 and last traded at $637.35. 138,164 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 684,325 shares. The stock had previously closed at $660.92.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The firm has a 50-day moving average price of $598.31 and a two-hundred day moving average price of $480.83. The firm has a market cap of $452.14 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 822 shares of the company’s stock after buying 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 filing with the Securities and Exchange Commission.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

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.