BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down to $460.30

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $460.30, but opened at $420.94. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $414.00, with a volume of 347,824 shares.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Down 16.3 %

The company has a market capitalization of $280.90 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82. The stock’s fifty day simple moving average is $428.24 and its 200-day simple moving average is $347.39.

Institutional Investors Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. Whittier Trust Co. bought a new position in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 113 shares of the company’s stock, valued at approximately $37,000.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

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.