BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Up – Here’s Why

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $404.90, but opened at $414.00. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $417.00, with a volume of 127,818 shares traded.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 4.7 %

The stock has a market capitalization of $309.18 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82. The stock’s 50-day simple moving average is $381.28 and its 200 day simple moving average is $380.64.

Institutional Investors Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

Several large investors have recently bought and sold shares of the company. Whittier Trust Co. bought a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN in the first quarter valued at $37,000. VitalStone Financial LLC grew its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN by 192.0% in the first quarter. VitalStone Financial LLC now owns 146 shares of the company’s stock valued at $48,000 after purchasing an additional 96 shares in the last quarter. Finally, DRW Securities LLC bought a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN in the second quarter valued at $226,000.

About BMO REX MicroSectors FANG Index 3X Leveraged ETN

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.