BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading 7.8% Higher

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price shot up 7.8% during mid-day trading on Thursday . The stock traded as high as $414.00 and last traded at $411.63. 203,488 shares traded hands during trading, a decline of 81% from the average session volume of 1,077,087 shares. The stock had previously closed at $382.00.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Down 1.0 %

The stock’s 50-day moving average price is $387.33 and its 200-day moving average price is $372.72. The stock has a market cap of $303.87 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82.

Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

Several hedge funds and other institutional investors have recently bought and sold shares of FNGU. DRW Securities LLC bought a new position in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN in the 2nd quarter worth about $226,000. VitalStone Financial LLC increased its holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN by 245.9% in the second quarter. VitalStone Financial LLC now owns 505 shares of the company’s stock worth $225,000 after purchasing an additional 359 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN in the first quarter valued at approximately $37,000.

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.