BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Hits New 12-Month Low – Time to Sell?

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGDGet Free Report) hit a new 52-week low on Thursday . The company traded as low as $11.39 and last traded at $11.63, with a volume of 7114526 shares. The stock had previously closed at $12.63.

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

The company has a market capitalization of $8.48 billion, a P/E ratio of 37.73 and a beta of -5.03. The firm has a fifty day moving average price of $14.18 and a 200-day moving average price of $19.75.

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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