BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Down 4%

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD)’s share price traded down 4% on Monday . The stock traded as low as $34.11 and last traded at $34.13. 949,802 shares traded hands during trading, a decline of 28% from the average session volume of 1,322,816 shares. The stock had previously closed at $35.55.

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

The business has a fifty day moving average of $37.72 and a 200-day moving average of $53.48. The stock has a market cap of $24.94 billion, a PE ratio of 37.73 and a beta of -5.03.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

Hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN during the 1st quarter worth approximately $43,000. Quantbot Technologies LP purchased a new stake in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN during the 3rd quarter valued at $75,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the 4th quarter worth $2,187,000.

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.