BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Hits New 1-Year Low – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $16.13 and last traded at $16.19, with a volume of 2298117 shares traded. The stock had previously closed at $16.53.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 2.1 %

The business’s fifty day simple moving average is $21.28 and its 200 day simple moving average is $25.36. The stock has a market cap of $11.81 billion, a P/E ratio of 37.73 and a beta of -5.03.

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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