BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading Down 5.1% – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price traded down 5.1% during trading on Tuesday . The company traded as low as $16.50 and last traded at $16.54. 1,357,919 shares were traded during mid-day trading, a decline of 26% from the average session volume of 1,837,334 shares. The stock had previously closed at $17.42.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 0.7 %

The stock has a fifty day moving average of $19.76 and a two-hundred day moving average of $24.36. The stock has a market cap of $12.05 billion, a price-to-earnings 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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