BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Price Up 2.8%
1,835,000 shares were traded during mid-day trading, an increase of 310% from the average daily volume of 445,000 shares. The stock had previously closed at $19.00. The stock of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) rose 2.8% on Tuesday.
On Tuesday, ) shares rose by 2.8%. The company's shares traded up to $19.85 before trading at $19.51. A total of 3,446,470 stocks were traded, a 28% increase from the daily average of 2,689 423 shares. Stock had closed previously at $18.97.
BMO REX MicroSectors 3X Inverse-Leveraged ETN Stock performance
The company's 200-day moving median is $41.71 and its 50-day moving mean is $23.08.
Inflows of Institutional Capital and Outflows
Hedge funds and institutional investors have recently changed their positions on the stock. OLD Mission Capital LLC has increased its shares of BMO REX MicroSectors 3X Inverse-Leveraged Index ETN by 12.5% during the fourth quarter. OLD Mission Capital LLC owns 6,161 of the company stock, valued at $364,000. This is after buying an additional 684 share during the last quarter. Pinnacle Holdings LLC acquired a stake in BMO REX MicroSectors 3X Inverse-Leveraged ETN valued at $29,000 in the first quarter. Captrust Financial Advisors purchased a new stake of BMO REX MicroSectors 3X Inverse-Leveraged ETN shares in the second quarter for $65,000. Flow Traders U.S. LLC also purchased a position in BMO REX MicroSectors 3X Inverse-Leveraged ETN shares during the first quarter, worth $206,000.
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