BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was up 4.4% during mid-day trading on Tuesday . The stock traded as high as $38.34 and last traded at $38.08. Approximately 1,258,203 shares were traded during trading, a decline of 4% from the average daily volume of 1,316,681 shares. The stock had previously closed at $36.48.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Up 7.2 %
The firm’s 50-day simple moving average is $38.02 and its 200-day simple moving average is $55.96. The firm has a market capitalization of $28.51 billion, a PE ratio of 50.89 and a beta of -4.88.
Institutional Trading of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Quantbot Technologies LP acquired a new stake in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,613 shares of the company’s stock, valued at approximately $75,000. Quantbot Technologies LP owned about 0.42% of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN at the end of the most recent quarter.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile
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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