BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) shares shot up 6.4% during trading on Thursday . The company traded as high as $14.18 and last traded at $14.05. 3,102,140 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 5,221,111 shares. The stock had previously closed at $13.21.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 11.0 %
The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The firm’s 50 day moving average price is $12.47 and its two-hundred day moving average price is $17.41.
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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