BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 7.2% – Should You Sell?

Posted by Matthew Steigler on Jan 12th, 2025

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Get Free Report) shares dropped 7.2% on Friday . The company traded as low as $550.03 and last traded at $558.75. Approximately 334,273 shares changed hands during trading, a decline of 47% from the average daily volume of 628,458 shares. The stock had previously closed at $602.00.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The stock has a market capitalization of $408.38 billion, a P/E ratio of 123.65 and a beta of 4.82. The firm has a fifty day moving average price of $565.65 and a two-hundred day moving average price of $469.76.

Institutional Investors 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 bought a new stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 508 shares of the company’s stock, valued at approximately $226,000.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

(Get Free Report)

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.