BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Reaches New 12-Month Low – Here’s Why

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) shares reached a new 52-week low on Tuesday . The company traded as low as $18.71 and last traded at $18.96, with a volume of 1795743 shares traded. The stock had previously closed at $19.00.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Down 0.4 %

The stock has a market capitalization of $13.80 billion, a PE ratio of 37.73 and a beta of -5.03. The stock’s 50 day moving average price is $22.86 and its 200-day moving average price is $27.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,165 shares of the company’s stock, valued at approximately $43,000.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Company Profile

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.