BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down – Here’s Why

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $13.66, but opened at $13.31. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $13.02, with a volume of 1,161,368 shares.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 2.3 %

The company has a market cap of $9.74 billion, a P/E ratio of 37.73 and a beta of -5.03. The business has a 50 day moving average price of $15.70 and a 200-day moving average price of $20.86.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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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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