BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Down 4.3%

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD)’s stock price traded down 4.3% on Thursday . The company traded as low as $25.41 and last traded at $25.58. 2,718,007 shares changed hands during trading, an increase of 62% from the average session volume of 1,677,051 shares. The stock had previously closed at $26.73.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 1.6 %

The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The business’s 50-day simple moving average is $26.02 and its two-hundred day simple moving average is $35.68.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,165 shares of the company’s stock, valued at approximately $43,000.

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

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.