BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down to $501.43

Shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) gapped down prior to trading on Friday . The stock had previously closed at $501.43, but opened at $489.00. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $493.52, with a volume of 263,958 shares traded.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The firm has a market capitalization of $368.21 billion, a P/E ratio of 123.65 and a beta of 4.82. The stock’s 50 day simple moving average is $406.28 and its 200 day simple moving average is $332.17.

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

An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. Whittier Trust Co. purchased a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 113 shares of the company’s stock, valued at approximately $37,000.

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.