BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $11.51, but opened at $13.09. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $12.43, with a volume of 3,429,191 shares changing hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 10.6 %

The business’s 50-day moving average is $13.76 and its two-hundred day moving average is $19.50. The firm has a market cap of $8.34 billion, a P/E ratio of 37.73 and a beta of -5.03.

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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