BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report)’s share price traded down 4.7% during trading on Tuesday . The company traded as low as $21.92 and last traded at $22.01. 1,978,986 shares were traded during trading, an increase of 31% from the average session volume of 1,509,707 shares. The stock had previously closed at $23.10.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 4.8 %
The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The stock has a 50-day moving average price of $30.36 and a 200 day moving average price of $39.91.
Institutional Investors 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. FNY Investment Advisers LLC acquired a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 375,270 shares of the company’s stock, valued at approximately $2,187,000. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN comprises 2.5% of FNY Investment Advisers LLC’s holdings, making the stock its 10th biggest position. FNY Investment Advisers LLC owned approximately 20.85% of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN as of its most recent filing with the Securities and Exchange Commission (SEC).
About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
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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