BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up – Still a Buy?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $16.37, but opened at $16.93. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $17.16, with a volume of 585,095 shares changing hands.

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

The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The stock has a 50 day moving average price of $20.67 and a 200-day moving average price of $25.08.

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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