BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down – Should You Sell?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $13.77, but opened at $12.98. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $13.11, with a volume of 910,479 shares traded.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 3.2 %

The firm has a market capitalization of $9.58 billion, a P/E ratio of 37.73 and a beta of -5.03. The stock has a 50 day simple moving average of $16.93 and a 200-day simple moving average of $21.93.

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.