BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up – Still a Buy?

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $13.99, but opened at $14.62. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $14.48, with a volume of 2,281,742 shares traded.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Performance

The firm has a market capitalization of $10.53 billion, a P/E ratio of 37.73 and a beta of -5.03. The stock’s 50 day simple moving average is $14.71 and its 200 day simple moving average is $20.17.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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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.

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