BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up to $26.60

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) shares gapped up before the market opened on Friday . The stock had previously closed at $26.60, but opened at $28.93. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $28.61, with a volume of 472,957 shares traded.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 8.0 %

The business’s fifty day simple moving average is $25.73 and its 200 day simple moving average is $34.87. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.

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. acquired a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 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.