BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $18.71 and last traded at $18.96, with a volume of 1795743 shares traded. The stock had previously closed at $19.00.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance
The firm has a 50-day simple moving average of $22.62 and a 200 day simple moving average of $27.31. The stock has a market capitalization of $14.42 billion, a P/E ratio of 37.73 and a beta of -5.03.
Hedge Funds Weigh In On 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. Whittier Trust Co. of Nevada Inc. acquired a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,165 shares of the company’s stock, valued at approximately $43,000.
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.
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