BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Sets New 12-Month Low – What’s Next?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $11.13 and last traded at $11.11, with a volume of 3739850 shares changing hands. The stock had previously closed at $11.52.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Stock Performance

The stock has a market cap of $7.92 billion, a PE ratio of 37.73 and a beta of -5.03. The firm’s 50-day moving average is $12.64 and its 200 day moving average is $18.43.

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

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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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