BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 7.3%

Posted by Caroline Horne on Jul 30th, 2024

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Get Free Report) shares fell 7.3% on Tuesday . The stock traded as low as $359.99 and last traded at $363.50. 578,898 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,080,266 shares. The stock had previously closed at $392.05.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The company has a fifty day simple moving average of $430.55 and a two-hundred day simple moving average of $351.73. The company has a market capitalization of $270.44 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82.

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

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC grew its stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Free Report) by 192.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146 shares of the company’s stock after acquiring an additional 96 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $48,000 at the end of the most recent quarter.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

(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.