BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 3.6% – Time to Sell?

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU)’s share price traded down 3.6% on Wednesday . The company traded as low as $635.80 and last traded at $637.35. 138,164 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 684,325 shares. The stock had previously closed at $660.92.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Trading Down 4.4 %

The stock has a market capitalization of $460.82 billion, a price-to-earnings ratio of 123.65 and a beta of 4.82. The firm has a 50-day moving average of $593.33 and a 200-day moving average of $478.71.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Leveraged ETN

A hedge fund recently raised its stake in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. VitalStone Financial LLC increased its holdings in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 62.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 822 shares of the company’s stock after buying an additional 317 shares during the period. VitalStone Financial LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.