BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) dropped 6.1% during trading on Wednesday . The company traded as low as $13.50 and last traded at $13.56. Approximately 1,613,652 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 5,974,535 shares. The stock had previously closed at $14.44.
BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Performance
The business has a fifty day simple moving average of $14.48 and a 200 day simple moving average of $20.00. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03.
About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN
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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