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

Posted by Jessica Moore on Jul 25th, 2024

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) dropped 4.3% during mid-day trading on Thursday . The stock traded as low as $25.41 and last traded at $25.58. Approximately 2,718,007 shares traded hands during trading, an increase of 62% from the average daily volume of 1,677,051 shares. The stock had previously closed at $26.73.

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

The stock’s 50 day moving average is $26.22 and its 200-day moving average is $35.97. The company has a market capitalization of $19.82 billion, a P/E ratio of 37.73 and a beta of -5.03.

Hedge Funds 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. purchased a new stake in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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.