BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up – Here’s Why

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $12.12, but opened at $12.84. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $12.59, with a volume of 1,569,208 shares.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Up 2.4 %

The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The stock has a fifty day moving average of $13.49 and a two-hundred day moving average of $19.29.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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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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