BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down – Time to Sell?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.79, but opened at $12.50. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $12.14, with a volume of 1,404,364 shares changing hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 9.9 %

The company has a 50 day simple moving average of $13.86 and a 200 day simple moving average of $19.57. The stock has a market capitalization of $8.40 billion, a PE ratio of 37.73 and a beta of -5.03.

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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