BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 6.8%

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s stock price traded down 6.8% during trading on Monday . The company traded as low as $311.40 and last traded at $313.88. 955,727 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 1,206,115 shares. The stock had previously closed at $336.73.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Down 2.4 %

The company has a 50 day moving average of $323.44 and a 200 day moving average of $246.59. The stock has a market capitalization of $220.11 billion, a price-to-earnings ratio of 142.20 and a beta of 4.82.

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

An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. JPMorgan Chase & Co. purchased a new stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,397 shares of the company’s stock, valued at approximately $2,134,000.

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.