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

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $11.42, but opened at $11.85. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $11.62, with a volume of 1,004,509 shares traded.

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

The company has a market cap of $8.36 billion, a PE ratio of 37.73 and a beta of -5.03. The business’s 50-day moving average is $12.83 and its 200 day moving average is $18.64.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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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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