BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Time to Sell?

Shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) gapped down before the market opened on Monday . The stock had previously closed at $672.80, but opened at $580.27. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $620.18, with a volume of 366,932 shares changing hands.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Price Performance

The firm’s 50 day simple moving average is $588.10 and its two-hundred day simple moving average is $476.89. The firm has a market capitalization of $442.87 billion, a P/E ratio of 123.65 and a beta of 4.82.

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

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC raised its holdings in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 822 shares of the company’s stock after purchasing an additional 317 shares during the period. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 at the end of the most recent reporting period.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

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.