BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Gap Down – What’s Next?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price gapped down prior to trading on Monday . The stock had previously closed at $628.41, but opened at $595.30. BMO REX MicroSectors FANG Index 3X Leveraged ETN shares last traded at $592.05, with a volume of 205,048 shares trading hands.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Down 2.5 %

The business has a fifty day moving average price of $535.72 and a two-hundred day moving average price of $458.40. The firm has a market capitalization of $446.67 billion, a PE ratio of 123.65 and a beta of 4.82.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC increased its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 245.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 505 shares of the company’s stock after buying an additional 359 shares during the quarter. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

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.