BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down – Time to Sell?

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $16.64, but opened at $16.25. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $16.65, with a volume of 690,808 shares trading hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance

The company has a fifty day moving average of $19.89 and a 200 day moving average of $24.41. The firm has a market capitalization of $12.06 billion, a P/E ratio of 37.73 and a beta of -5.03.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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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.

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