BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up – Still a Buy?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $13.58, but opened at $13.93. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $13.74, with a volume of 959,952 shares traded.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 3.2 %

The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The company has a 50 day moving average of $16.80 and a 200 day moving average of $21.80.

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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