BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Short Interest Down 37.4% in May

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 994,600 shares, a decrease of 37.4% from the May 15th total of 1,590,000 shares. Based on an average trading volume of 5,106,800 shares, the short-interest ratio is currently 0.2 days. Currently, 8.3% of the shares of the company are short sold.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Performance

NYSEARCA FNGD traded up $0.01 during trading hours on Tuesday, hitting $7.49. The company had a trading volume of 2,841,957 shares, compared to its average volume of 3,839,574. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN has a 1-year low of $7.40 and a 1-year high of $36.67. The company has a market cap of $89.82 million, a PE ratio of 20.31 and a beta of -3.39. The business has a 50 day moving average of $10.72 and a 200-day moving average of $13.03.

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.