BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading Up 7.5% – Should You Buy?

Shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) traded up 7.5% during mid-day trading on Wednesday . The company traded as high as $661.56 and last traded at $666.61. 179,642 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 673,092 shares. The stock had previously closed at $620.03.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 8.7 %

The company has a fifty day moving average of $578.27 and a 200 day moving average of $474.30. The company has a market cap of $491.52 billion, a P/E ratio of 123.65 and a beta of 4.82.

Institutional Investors Weigh In On 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 raised its holdings in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 822 shares of the company’s stock after acquiring 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.