BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 3.6% – Here’s Why

Shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) dropped 3.6% during mid-day trading on Wednesday . The stock traded as low as $635.80 and last traded at $637.35. Approximately 138,164 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 684,325 shares. The stock had previously closed at $660.92.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The company has a 50 day simple moving average of $593.33 and a 200 day simple moving average of $478.71. The company has a market capitalization of $460.82 billion, a PE ratio of 123.65 and a beta of 4.82.

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

An institutional investor recently raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC boosted its stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 822 shares of the company’s stock after buying an additional 317 shares during the period. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 at the end of the most recent quarter.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

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.