BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Sees Large Volume Increase

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) saw strong trading volume on Monday . 637,047 shares changed hands during mid-day trading, a decline of 61% from the previous session’s volume of 1,638,661 shares.The stock last traded at $22.98 and had previously closed at $24.64.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 6.7 %

The stock has a market cap of $16.77 billion, a P/E ratio of 37.73 and a beta of -5.03. The business has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $36.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,165 shares of the company’s stock, valued at approximately $43,000.

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.