BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Hits New 12-Month Low – Time to Sell?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $12.49 and last traded at $12.49, with a volume of 309448 shares changing hands. The stock had previously closed at $12.80.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance

The company has a market capitalization of $9.01 billion, a PE ratio of 37.73 and a beta of -5.03. The firm’s fifty day simple moving average is $17.54 and its 200 day simple moving average is $22.34.

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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