BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Sees Strong Trading Volume

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) saw strong trading volume on Thursday . 1,073,098 shares traded hands during mid-day trading, a decline of 39% from the previous session’s volume of 1,770,269 shares.The stock last traded at $24.95 and had previously closed at $26.60.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 11.9 %

The stock has a market capitalization of $21.05 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The stock’s 50 day moving average is $24.67 and its 200 day moving average is $31.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,165 shares of the company’s stock, valued at approximately $43,000.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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.