MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) Shares to Reverse Split on Monday, February 9th

MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD)’s stock is scheduled to reverse split on the morning of Monday, February 9th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, February 8th.

MicroSectors FANG+ Index -3X Inverse Leveraged ETN Price Performance

MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock opened at $5.72 on Friday. The company’s 50-day moving average is $5.16 and its 200-day moving average is $5.33. The firm has a market capitalization of $2.00 million, a PE ratio of 20.31 and a beta of -3.38. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a fifty-two week low of $4.14 and a fifty-two week high of $27.67.

Institutional Trading of MicroSectors FANG+ Index -3X Inverse Leveraged ETN

An institutional investor recently bought a new position in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. Flow Traders U.S. LLC bought a new position in shares of MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 57,984 shares of the company’s stock, valued at approximately $297,000. Flow Traders U.S. LLC owned about 16.57% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN at the end of the most recent quarter.

MicroSectors FANG+ Index -3X Inverse Leveraged ETN Company Profile

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.