BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down – What’s Next?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $11.93, but opened at $11.65. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $11.41, with a volume of 640,134 shares trading hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 0.4 %

The firm’s fifty day simple moving average is $12.83 and its two-hundred day simple moving average is $18.64. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.

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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