BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) dropped 7.6% during trading on Thursday . The company traded as low as $16.22 and last traded at $16.22. Approximately 2,386,713 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 1,814,576 shares. The stock had previously closed at $17.55.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance
The stock has a 50-day moving average of $21.77 and a 200 day moving average of $26.00. The company has a market cap of $11.92 billion, a P/E ratio of 37.73 and a beta of -5.03.
Institutional Inflows and Outflows
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. bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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
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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