BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Up 0.6% – What’s Next?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shares shot up 0.6% on Monday . The stock traded as high as $434.10 and last traded at $433.90. 1,139,986 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 833,216 shares. The stock had previously closed at $431.36.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 0.6%

The firm’s 50 day simple moving average is $374.75 and its two-hundred day simple moving average is $505.72. The stock has a market capitalization of $5.64 billion, a P/E ratio of 37.17 and a beta of 3.80.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Leveraged ETN

An institutional investor recently raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. FNY Investment Advisers LLC boosted its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 1,809.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,035 shares of the company’s stock after acquiring an additional 5,719 shares during the period. BMO REX MicroSectors FANG Index 3X Leveraged ETN accounts for about 1.9% of FNY Investment Advisers LLC’s holdings, making the stock its 7th biggest position. FNY Investment Advisers LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $3,159,000 at the end of the most recent reporting period.

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.