BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report)’s share price traded down 6.8% on Wednesday . The company traded as low as $13.06 and last traded at $12.95. 1,009,033 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 5,151,760 shares. The stock had previously closed at $13.89.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 6.5 %
The company has a market capitalization of $9.47 billion, a PE ratio of 37.73 and a beta of -5.03. The stock’s 50-day moving average is $12.48 and its two-hundred day moving average is $17.44.
About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
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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