Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $41.13, but opened at $39.15. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $39.60, with a volume of 294,474 shares traded.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 2.0 %
The stock has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $57.28. The company has a market cap of $29.39 billion, a price-to-earnings ratio of 50.89 and a beta of -4.88.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FNGD. FNY Investment Advisers LLC bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the fourth quarter worth $2,187,000. Quantbot Technologies LP bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the third quarter worth $75,000. Finally, Avior Wealth Management LLC bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the third quarter worth $74,000.
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.
Featured Articles
- Five stocks we like better than BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
- Buy P&G Now, Before It Sets A New All-Time High
- High-Yield Texas Instruments Could Hit New Highs Soon
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Canada Bond Market Holiday: How to Invest and Trade
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.