BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Up – What’s Next?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $11.51, but opened at $13.09. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $12.43, with a volume of 3,429,191 shares traded.

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

The firm has a market capitalization of $9.23 billion, a P/E ratio of 37.73 and a beta of -5.03. The company has a 50-day simple moving average of $13.96 and a two-hundred day simple moving average of $19.64.

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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