BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 3.1%

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) fell 3.1% during trading on Tuesday . The company traded as low as $487.46 and last traded at $488.01. 669,580 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 1,079,596 shares. The stock had previously closed at $503.82.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Down 1.0 %

The firm has a market cap of $326.09 billion, a P/E ratio of 123.65 and a beta of 4.82. The firm’s 50 day moving average is $421.37 and its two-hundred day moving average is $340.63.

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

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC increased its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 192.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146 shares of the company’s stock after purchasing an additional 96 shares during the period. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

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.