BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Reaches New 1-Year Low – Here’s Why

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $12.49 and last traded at $12.49, with a volume of 309448 shares traded. The stock had previously closed at $12.80.

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

The firm’s 50 day moving average price is $17.54 and its 200-day moving average price is $22.34. The firm has a market capitalization of $9.01 billion, a PE 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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