BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Time to Sell?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $672.80, but opened at $580.27. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $620.18, with a volume of 366,932 shares changing hands.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 10.3 %

The business has a fifty day moving average of $593.33 and a 200 day moving average of $478.71. The firm has a market cap of $481.98 billion, a P/E ratio of 123.65 and a beta of 4.82.

Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

An institutional investor recently raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822 shares of the company’s stock after buying an additional 317 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 at the end of the most recent reporting period.

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.