BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Hits New 52-Week Low – Here’s Why

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as $15.61 and last traded at $15.63, with a volume of 2040467 shares trading hands. The stock had previously closed at $15.95.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 2.8 %

The stock has a 50 day moving average of $18.95 and a 200-day moving average of $23.40. The company has a market capitalization of $11.30 billion, a P/E 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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