BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Stock Price Down 10.4% – Time to Sell?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report)’s share price dropped 10.4% on Monday . The stock traded as low as $362.33 and last traded at $363.60. Approximately 737,623 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 865,734 shares. The stock had previously closed at $406.01.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The firm’s fifty day moving average is $544.33 and its two-hundred day moving average is $523.36. The company has a market cap of $4.73 billion, a P/E ratio of 25.49 and a beta of 3.89.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

(Get Free Report)

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.

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