BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report)’s share price dropped 7.5% during trading on Thursday . The company traded as low as $21.63 and last traded at $21.75. Approximately 381,510 shares traded hands during trading, a decline of 79% from the average daily volume of 1,778,492 shares. The stock had previously closed at $23.52.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance
The business has a 50 day moving average of $25.25 and a 200 day moving average of $30.23. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake 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:FNGD – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.
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