BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 7.9%

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s stock price fell 7.9% during mid-day trading on Tuesday . The company traded as low as $354.61 and last traded at $356.90. 753,906 shares traded hands during trading, a decline of 30% from the average session volume of 1,080,342 shares. The stock had previously closed at $387.61.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Up 3.8 %

The firm’s fifty day moving average is $417.70 and its 200-day moving average is $368.93. The stock has a market capitalization of $264.57 billion, a PE ratio of 123.65 and a beta of 4.82.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Leveraged ETN

Institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. purchased a new position in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN during the first quarter worth $37,000. VitalStone Financial LLC lifted its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN by 192.0% during the 1st quarter. VitalStone Financial LLC now owns 146 shares of the company’s stock worth $48,000 after acquiring an additional 96 shares in the last quarter. Finally, DRW Securities LLC purchased a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN during the 2nd quarter valued at about $226,000.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.