BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Short Interest Down 37.4% in May

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 994,600 shares, a drop of 37.4% from the May 15th total of 1,590,000 shares. Based on an average daily trading volume, of 5,106,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 8.3% of the shares of the stock are short sold.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 4.4%

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock traded down $0.35 during midday trading on Monday, reaching $7.45. The company’s stock had a trading volume of 2,656,865 shares, compared to its average volume of 5,237,814. The stock has a market cap of $89.34 million, a PE ratio of 20.31 and a beta of -3.39. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN has a 52 week low of $7.40 and a 52 week high of $36.67. The business has a 50-day moving average price of $11.05 and a 200-day moving average price of $13.09.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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.