BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Up 5.4% – Should You Buy?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) was up 5.4% on Wednesday . The stock traded as high as $608.44 and last traded at $608.44. Approximately 180,784 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 991,396 shares. The stock had previously closed at $577.48.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 8.7 %

The company has a market capitalization of $457.86 billion, a PE ratio of 123.65 and a beta of 4.82. The company has a 50-day moving average price of $481.72 and a two-hundred day moving average price of $433.79.

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. DRW Securities LLC purchased a new position in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 508 shares of the company’s stock, valued at approximately $226,000.

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.