BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down to $290.00

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price gapped down prior to trading on Friday . The stock had previously closed at $290.00, but opened at $281.38. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $279.71, with a volume of 273,341 shares.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Price Performance

The business has a 50 day moving average price of $322.72 and a 200 day moving average price of $247.24. The firm has a market capitalization of $199.97 billion, a P/E ratio of 142.20 and a beta of 4.82.

Institutional Investors Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. OLD Mission Capital LLC bought a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,979 shares of the company’s stock, valued at approximately $461,000.

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.