BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 3.6% – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) traded down 3.6% on Wednesday . The company traded as low as $635.80 and last traded at $637.35. 138,164 shares traded hands during trading, a decline of 80% from the average session volume of 684,325 shares. The stock had previously closed at $660.92.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Down 3.5 %

The stock has a market cap of $452.14 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82. The company’s fifty day moving average is $598.31 and its two-hundred day moving average is $480.83.

Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC boosted its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 822 shares of the company’s stock after acquiring an additional 317 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 at the end of the most recent quarter.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

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.