BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Up – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) gapped up before the market opened on Thursday . The stock had previously closed at $580.56, but opened at $621.30. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $613.88, with a volume of 225,396 shares trading hands.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Up 3.4 %

The stock’s 50-day moving average is $508.47 and its 200-day moving average is $444.87. The stock has a market cap of $437.56 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82.

Hedge Funds 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 boosted its holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 245.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 505 shares of the company’s stock after purchasing an additional 359 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $225,000 at the end of the most recent quarter.

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.