BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Hits New 12-Month High – Time to Buy?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $570.48 and last traded at $569.15, with a volume of 375428 shares trading hands. The stock had previously closed at $539.25.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The company has a 50 day moving average price of $470.65 and a 200 day moving average price of $428.17. The company has a market capitalization of $421.42 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Leveraged ETN

An institutional investor recently raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC grew its stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 822 shares of the company’s stock after purchasing an additional 317 shares during the period. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 as of its most recent filing with the SEC.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.