BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Hits New 12-Month High – What’s Next?

Posted by Donald Scott on Dec 4th, 2024

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $570.48 and last traded at $569.15, with a volume of 375428 shares. The stock had previously closed at $539.25.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 6.7 %

The company has a market capitalization of $419.76 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82. The business has a fifty day simple moving average of $464.19 and a two-hundred day simple moving average of $426.08.

Institutional Investors 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 increased its holdings in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Free Report) by 245.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505 shares of the company’s stock after acquiring an additional 359 shares during the period. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $225,000 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.