BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading Down 4.5% – Here’s Why

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) traded down 4.5% on Friday . The company traded as low as $19.42 and last traded at $19.42. 484,219 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 1,803,907 shares. The stock had previously closed at $20.33.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 2.6 %

The business’s fifty day moving average is $22.11 and its two-hundred day moving average is $26.57. The stock has a market capitalization of $14.44 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 stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,165 shares of the company’s stock, valued at approximately $43,000.

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

(Get Free Report)

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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