BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 6.8%

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shares were down 6.8% during mid-day trading on Monday . The company traded as low as $311.40 and last traded at $313.88. Approximately 955,727 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 1,206,115 shares. The stock had previously closed at $336.73.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The stock has a market cap of $220.11 billion, a price-to-earnings ratio of 142.20 and a beta of 4.82. The company’s 50 day simple moving average is $323.44 and its 200 day simple moving average is $246.59.

Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. OLD Mission Capital LLC purchased a new stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,979 shares of the company’s stock, valued at approximately $461,000.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.