BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares Gap Down – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $14.41, but opened at $13.97. BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN shares last traded at $13.64, with a volume of 865,162 shares changing hands.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Trading Up 1.4 %

The firm has a market cap of $9.74 billion, a P/E ratio of 37.73 and a beta of -5.03. The business’s fifty day simple moving average is $17.71 and its 200-day simple moving average is $22.57.

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.