BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Sees Unusually-High Trading Volume – Here’s What Happened

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 1,187,972 shares changed hands during mid-day trading, a decline of 38% from the previous session’s volume of 1,916,748 shares.The stock last traded at $12.62 and had previously closed at $13.36.

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

The firm has a market capitalization of $9.33 billion, a P/E ratio of 37.73 and a beta of -5.03. The company’s 50 day moving average price is $17.54 and its 200 day moving average price is $22.39.

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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