BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down to $39.92

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) gapped down prior to trading on Thursday . The stock had previously closed at $39.92, but opened at $38.55. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $38.83, with a volume of 228,451 shares trading hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Down 4.1 %

The company has a 50 day moving average of $37.90 and a 200 day moving average of $55.49. The firm has a market cap of $27.93 billion, a price-to-earnings ratio of 50.89 and a beta of -4.88.

Hedge Funds Weigh In On BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Quantbot Technologies LP bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,613 shares of the company’s stock, valued at approximately $75,000. Quantbot Technologies LP owned about 0.42% of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN at the end of the most recent quarter.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

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.