BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Up 7.8%

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shares shot up 7.8% during mid-day trading on Thursday . The stock traded as high as $414.00 and last traded at $411.63. 203,488 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,077,087 shares. The stock had previously closed at $382.00.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Performance

The stock has a market cap of $310.70 billion, a PE ratio of 123.65 and a beta of 4.82. The firm has a 50-day moving average price of $390.60 and a 200-day moving average price of $371.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FNGU. DRW Securities LLC bought a new stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN during the second quarter valued at approximately $226,000. VitalStone Financial LLC lifted its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN by 245.9% in the 2nd quarter. VitalStone Financial LLC now owns 505 shares of the company’s stock valued at $225,000 after acquiring an additional 359 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN during the 1st quarter valued at $37,000.

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.