BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Sets New 52-Week Low – Time to Sell?

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $16.13 and last traded at $16.19, with a volume of 2298117 shares traded. The stock had previously closed at $16.53.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Up 1.2 %

The stock’s 50-day moving average is $20.67 and its 200 day moving average is $25.08. The stock has a market capitalization of $11.94 billion, a PE ratio of 37.73 and a beta of -5.03.

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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