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

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $13.77, but opened at $12.98. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $13.11, with a volume of 910,479 shares.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 3.0 %

The firm has a market cap of $9.74 billion, a PE ratio of 37.73 and a beta of -5.03. The stock has a 50 day simple moving average of $17.05 and a 200-day simple moving average of $21.99.

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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