BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading Up 6.7%

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD)’s stock price rose 6.7% during mid-day trading on Tuesday . The stock traded as high as $25.90 and last traded at $25.90. Approximately 943,714 shares changed hands during trading, a decline of 46% from the average daily volume of 1,763,933 shares. The stock had previously closed at $24.28.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance

The business has a 50-day moving average of $24.56 and a 200 day moving average of $31.17. The company has a market capitalization of $18.81 billion, a PE ratio of 37.73 and a beta of -5.03.

Institutional Investors 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. bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the first quarter, according to its most recent disclosure with the Securities & 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.