BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading Up 5.6% – Should You Buy?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price was up 5.6% on Friday . The stock traded as high as $12.11 and last traded at $12.13. Approximately 2,112,600 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 5,095,229 shares. The stock had previously closed at $11.48.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 9.0 %

The company’s 50 day moving average price is $12.42 and its two-hundred day moving average price is $17.76. The stock has a market cap of $9.12 billion, a P/E 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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