BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading 5.9% Higher – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s share price rose 5.9% on Tuesday . The stock traded as high as $13.17 and last traded at $13.00. Approximately 6,533,598 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 5,543,330 shares. The stock had previously closed at $12.28.

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

The company has a market cap of $9.55 billion, a P/E ratio of 37.73 and a beta of -5.03. The stock has a 50 day moving average price of $15.30 and a two-hundred day moving average price of $20.59.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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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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