BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading Down 5.3% – Time to Sell?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shares fell 5.3% on Friday . The company traded as low as $621.20 and last traded at $625.09. 193,791 shares traded hands during trading, a decline of 80% from the average session volume of 983,531 shares. The stock had previously closed at $660.42.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Down 4.8 %

The firm’s 50-day moving average is $535.72 and its 200-day moving average is $457.56. The company has a market cap of $458.27 billion, a PE ratio of 123.65 and a beta of 4.82.

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

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC boosted its stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 245.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 505 shares of the company’s stock after acquiring an additional 359 shares during the period. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $225,000 at the end of the most recent quarter.

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.