BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading Up 3.6% – What’s Next?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) shares traded up 3.6% during mid-day trading on Wednesday . The stock traded as high as $19.73 and last traded at $19.61. 448,064 shares were traded during trading, a decline of 75% from the average session volume of 1,780,345 shares. The stock had previously closed at $18.92.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 6.3 %

The stock has a fifty day moving average price of $22.73 and a 200 day moving average price of $27.36. The firm has a market cap of $14.67 billion, a price-to-earnings 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) during the 1st quarter, according to its most recent disclosure with the SEC. The fund 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.