BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Price Down 4.3%

Posted by Amy Steele on Jun 26th, 2024

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report)’s stock price traded down 4.3% during trading on Wednesday . The stock traded as low as $24.80 and last traded at $24.81. 488,773 shares were traded during mid-day trading, a decline of 67% from the average session volume of 1,487,173 shares. The stock had previously closed at $25.92.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 4.9 %

The company has a market cap of $17.98 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The business’s 50 day moving average price is $32.60 and its 200-day moving average price is $41.43.

Institutional Investors Weigh In On BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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. acquired a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,165 shares of the company’s stock, valued at approximately $43,000.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

(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.