BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading 5.4% Higher – Here’s Why

Shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shot up 5.4% on Wednesday . The company traded as high as $608.44 and last traded at $608.44. 180,784 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 991,396 shares. The stock had previously closed at $577.48.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Price Performance

The stock has a fifty day moving average price of $481.72 and a two-hundred day moving average price of $433.79. The company has a market cap of $457.86 billion, a P/E ratio of 123.65 and a beta of 4.82.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Leveraged ETN

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC boosted its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 822 shares of the company’s stock after buying an additional 317 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.