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

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $13.99, but opened at $14.62. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $14.48, with a volume of 2,281,742 shares.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Up 5.0 %

The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 37.73 and a beta of -5.03. The stock’s 50-day moving average price is $14.82 and its 200 day moving average price is $20.24.

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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