BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – Time to Sell?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $518.31, but opened at $500.64. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $495.20, with a volume of 156,884 shares trading hands.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Down 7.9 %

The company has a market capitalization of $348.29 billion, a PE ratio of 123.65 and a beta of 4.82. The stock’s fifty day moving average price is $435.27 and its two-hundred day moving average price is $410.58.

Institutional Investors Weigh In On 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% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 SEC filing.

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.