BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up to $40.53

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) shares gapped up prior to trading on Thursday . The stock had previously closed at $40.53, but opened at $44.32. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $42.15, with a volume of 582,432 shares traded.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 8.3 %

The firm’s 50-day moving average price is $38.14 and its two-hundred day moving average price is $57.05. The stock has a market cap of $27.40 billion, a PE ratio of 50.89 and a beta of -4.88.

Institutional Investors Weigh In On BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

Hedge funds and other institutional investors have recently bought and sold shares of the company. Avior Wealth Management LLC purchased a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN during the third quarter valued at approximately $74,000. Quantbot Technologies LP acquired a new stake in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the third quarter worth $75,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the fourth quarter worth $2,187,000.

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

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.