BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Stock Price Up 7.5% – Here’s What Happened

Posted by Linda Flegge on Jan 22nd, 2025

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Get Free Report)’s stock price rose 7.5% during mid-day trading on Wednesday . The company traded as high as $661.56 and last traded at $666.61. Approximately 179,642 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 673,092 shares. The stock had previously closed at $620.03.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The company has a fifty day moving average price of $578.27 and a 200-day moving average price of $474.30. The firm has a market capitalization of $491.52 billion, a PE ratio of 123.65 and a beta of 4.82.

Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. DRW Securities LLC bought a new stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 508 shares of the company’s stock, valued at approximately $226,000.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

(Get Free Report)

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.