BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading Down 5.5%

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) were down 5.5% during mid-day trading on Monday . The stock traded as low as $20.27 and last traded at $20.28. Approximately 1,436,981 shares traded hands during trading, a decline of 10% from the average daily volume of 1,598,734 shares. The stock had previously closed at $21.45.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 9.8 %

The company has a market capitalization of $17.06 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The firm has a 50-day moving average price of $27.36 and a 200-day moving average price of $37.43.

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

An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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.