Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) dropped 4.3% during mid-day trading on Thursday . The stock traded as low as $25.41 and last traded at $25.58. Approximately 2,718,007 shares traded hands during trading, an increase of 62% from the average daily volume of 1,677,051 shares. The stock had previously closed at $26.73.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance
The stock’s fifty day moving average is $26.22 and its two-hundred day moving average is $35.97. The stock has a market capitalization of $19.82 billion, a P/E ratio of 37.73 and a beta of -5.03.
Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
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. bought a new position in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,165 shares of the company’s stock, valued at approximately $43,000.
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.
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