BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Sees Strong Trading Volume – Should You Buy?

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) saw unusually-strong trading volume on Friday . Approximately 1,280,247 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 2,050,945 shares.The stock last traded at $12.81 and had previously closed at $12.13.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 5.1 %

The firm has a fifty day moving average price of $16.05 and a 200 day moving average price of $21.18. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.

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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