BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Trading 4.7% Higher – Time to Buy?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) was up 4.7% during mid-day trading on Tuesday . The company traded as high as $12.39 and last traded at $12.36. Approximately 3,465,452 shares were traded during mid-day trading, an increase of 77% from the average daily volume of 1,962,185 shares. The stock had previously closed at $11.80.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance

The stock has a 50 day moving average price of $17.05 and a two-hundred day moving average price of $21.99. The firm has a market capitalization of $9.67 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.

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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