BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Down 2.5%

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) fell 2.5% during trading on Friday . The company traded as low as $24.58 and last traded at $24.68. 112,385 shares traded hands during trading, a decline of 94% from the average session volume of 1,763,582 shares. The stock had previously closed at $25.32.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 4.1 %

The firm’s 50-day moving average price is $24.56 and its two-hundred day moving average price is $31.45. The firm has a market capitalization of $17.71 billion, a PE ratio of 37.73 and a beta of -5.03.

Institutional Inflows and Outflows

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 BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,165 shares of the company’s stock, valued at approximately $43,000.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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.