BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up to $40.53

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) gapped up before the market opened on Thursday . The stock had previously closed at $40.53, but opened at $44.32. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $42.15, with a volume of 582,432 shares changing hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 8.3 %

The business’s fifty day simple moving average is $38.14 and its 200-day simple moving average is $57.05. The firm has a market cap of $27.40 billion, a P/E ratio of 50.89 and a beta of -4.88.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Avior Wealth Management LLC bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the third quarter worth $74,000. Quantbot Technologies LP bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the third quarter worth $75,000. Finally, FNY Investment Advisers LLC bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN in the fourth quarter worth $2,187,000.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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.