BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Down 4.7%

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD)’s share price fell 4.7% during trading on Tuesday . The company traded as low as $21.92 and last traded at $22.01. 1,978,986 shares traded hands during trading, an increase of 31% from the average session volume of 1,509,707 shares. The stock had previously closed at $23.10.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 5.3 %

The stock’s 50 day moving average price is $31.14 and its 200 day moving average price is $40.31. The company has a market capitalization of $15.96 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.

Institutional Investors Weigh In On 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. purchased a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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.