BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) Trading Up 0.6% – Here’s Why

BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) shot up 0.6% during trading on Monday . The company traded as high as $434.10 and last traded at $433.90. 1,139,986 shares were traded during mid-day trading, an increase of 37% from the average session volume of 833,216 shares. The stock had previously closed at $431.36.

BMO REX MicroSectors FANG Index 3X Leveraged ETN Stock Up 0.6%

The company has a market cap of $5.64 billion, a price-to-earnings ratio of 37.17 and a beta of 3.80. The firm has a 50 day moving average price of $374.75 and a two-hundred day moving average price of $505.72.

Institutional Investors Weigh In On BMO REX MicroSectors FANG Index 3X Leveraged ETN

An institutional investor recently raised its position in BMO REX MicroSectors FANG Index 3X Leveraged ETN stock. FNY Investment Advisers LLC lifted its stake in shares of BMO REX MicroSectors FANG Index 3X Leveraged ETN (NYSEARCA:FNGU) by 1,809.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,035 shares of the company’s stock after buying an additional 5,719 shares during the quarter. BMO REX MicroSectors FANG Index 3X Leveraged ETN comprises approximately 1.9% of FNY Investment Advisers LLC’s investment portfolio, making the stock its 7th largest holding. FNY Investment Advisers LLC’s holdings in BMO REX MicroSectors FANG Index 3X Leveraged ETN were worth $3,159,000 as of its most recent SEC filing.

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.