BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Hits New 12-Month High – Time to Buy?

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

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Up 0.5 %

The stock has a market cap of $421.42 billion, a P/E ratio of 123.65 and a beta of 4.82. The business has a 50-day simple moving average of $470.65 and a 200 day simple moving average of $428.17.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC increased its stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 245.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505 shares of the company’s stock after acquiring an additional 359 shares during the quarter. 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

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.