BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down – What’s Next?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.50, but opened at $15.15. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $14.67, with a volume of 1,740,330 shares trading hands.

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

The firm’s 50 day moving average is $18.83 and its 200-day moving average is $23.29. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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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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