BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down to $343.00

Shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) gapped down prior to trading on Monday . The stock had previously closed at $343.00, but opened at $255.71. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $297.61, with a volume of 267,045 shares traded.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 4.7 %

The company has a fifty day moving average price of $428.90 and a 200-day moving average price of $356.68. The stock has a market capitalization of $239.56 billion, a P/E ratio of 123.65 and a beta of 4.82.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. Whittier Trust Co. bought a new stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 113 shares of the company’s stock, valued at approximately $37,000.

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.