BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading 11.2% Higher – Here’s What Happened

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) were up 11.2% during mid-day trading on Thursday . The company traded as high as $17.27 and last traded at $15.86. Approximately 9,006,241 shares were traded during mid-day trading, an increase of 171% from the average daily volume of 3,326,250 shares. The stock had previously closed at $14.26.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 4.9 %

The firm has a market capitalization of $181.08 million, a PE ratio of 66.82 and a beta of -3.44. The business has a 50-day moving average price of $15.43 and a 200-day moving average price of $15.80.

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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