BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading Up 2.1% – Time to Buy?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price shot up 2.1% on Thursday . The stock traded as high as $16.63 and last traded at $16.36. 4,687,719 shares traded hands during trading, an increase of 56% from the average session volume of 3,006,220 shares. The stock had previously closed at $16.03.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 2.1 %

The company has a market cap of $196.32 million, a P/E ratio of 44.65 and a beta of -3.00. The business has a 50 day moving average price of $13.51 and a 200-day moving average price of $16.56.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

(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.

Further Reading

Receive News & Ratings for BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter.