BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading 3.7% Higher

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) traded up 3.7% during trading on Friday . The stock traded as high as $21.97 and last traded at $21.96. 1,028,580 shares were traded during trading, a decline of 42% from the average session volume of 1,786,787 shares. The stock had previously closed at $21.18.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Up 1.0 %

The business has a fifty day moving average price of $25.25 and a 200-day moving average price of $30.16. The company has a market cap of $15.61 billion, a P/E ratio of 37.73 and a beta of -5.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. bought a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,165 shares of the company’s stock, valued at approximately $43,000.

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.