BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Here’s Why

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price gapped down before the market opened on Friday . The stock had previously closed at $518.31, but opened at $500.64. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $495.20, with a volume of 156,884 shares trading hands.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The firm has a fifty day simple moving average of $432.04 and a two-hundred day simple moving average of $408.63. The firm has a market cap of $346.31 billion, a PE ratio of 123.65 and a beta of 4.82.

Institutional Investors Weigh In On 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 grew its holdings in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 245.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 505 shares of the company’s stock after buying an additional 359 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $225,000 at the end of the most recent reporting period.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

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.