BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Up to $383.80

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $383.80, but opened at $394.00. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $392.87, with a volume of 162,643 shares.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Price Performance

The firm has a market cap of $278.57 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82. The firm’s 50 day moving average price is $394.15 and its 200-day moving average price is $371.72.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. acquired a new stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN during the first quarter worth about $37,000. VitalStone Financial LLC lifted its position in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN by 192.0% in the 1st quarter. VitalStone Financial LLC now owns 146 shares of the company’s stock worth $48,000 after acquiring an additional 96 shares during the period. Finally, DRW Securities LLC acquired a new stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN during the 2nd quarter worth approximately $226,000.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Company Profile

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.