BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up to $22.91

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD)’s share price gapped up before the market opened on Monday . The stock had previously closed at $22.91, but opened at $23.48. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $23.70, with a volume of 277,224 shares changing hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 3.4 %

The firm’s 50-day simple moving average is $25.03 and its 200 day simple moving average is $30.47. The stock has a market cap of $17.28 billion, a P/E ratio of 37.73 and a beta of -5.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. purchased a new position in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 1,165 shares of the company’s stock, valued at approximately $43,000.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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.