BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) fell 2.5% during mid-day trading on Tuesday . The company traded as low as $12.24 and last traded at $12.30. 680,421 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 2,045,876 shares. The stock had previously closed at $12.62.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 3.7 %
The firm’s 50 day simple moving average is $16.67 and its 200 day simple moving average is $21.56. The firm has a market cap of $8.86 billion, a PE ratio of 37.73 and a beta of -5.03.
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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