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MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038

MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038

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Key facts today


Jefferies & Co has increased the price target for Bank of Montreal (BMO) shares from C$182.00 to C$187.00.
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Key stats


Assets under management (AUM)
‪93.44 M‬ USD
Fund flows (1Y)
‪15.43 M‬ USD
Dividend yield (indicated)
—
Discount/Premium to NAV
0.6%
Shares outstanding
‪1.50 M‬
Expense ratio
0.95%

About MicroSectors FANG Index -3X Inverse Leveraged ETNs due January 8, 2038


Issuer
Bank of Montreal
Brand
REX Microsectors
Home page
microsectors.com
Inception date
Jan 22, 2018
Structure
Exchange-Traded Note
Index tracked
NYSE FANG+ Index
Management style
Passive
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Identifiers
3
ISIN US06368M2035
FNGD offers 300% daily inverse exposure to an index of FANG companies (Facebook, Apple, Amazon, Netflix, and Google [Alphabet Inc.]), and other companies that exhibit similar characteristics. Presumably, the index will always include these five companies, an index committee is responsible for selecting the additional names. Eligible stocks must be listed on a US exchange (although ADRs are acceptable), classified in either the technology or consumer discretionary sectors, and exhibit similar traits to other technology and internet companies. At least ten stocks must be included in the index, the number it held when the note launched so investors can expect a high level of concentration. All holdings are equally weighted. As a geared product with daily resets of exposure, FNGD is designed as short-term trading tool and not a long-term investment vehicle. Long-term returns could materially differ from those of the underlying index due to daily compounding.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Big Tech
Strategy
Equal
Geography
U.S.
Weighting scheme
Equal
Selection criteria
Committee

Ideas



See all ideas 

Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FNGD trades at 65.21 USD today, its price has risen 2.07% in the past 24 hours. Track more dynamics on FNGD price chart.
FNGD net asset value is 65.13 today — it's risen 24.23% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FNGD assets under management is ‪93.44 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
FNGD price has risen by 22.12% over the last month, and its yearly performance shows a −43.74% decrease. See more dynamics on FNGD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 46.66% increase in three-month performance and has decreased by −43.09% in a year.
FNGD fund flows account for ‪15.43 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FNGD expense ratio is 0.95%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
FNGD is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, FNGD technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating FNGD shows the neutral signal. See more of FNGD technicals for a more comprehensive analysis.
No, FNGD doesn't pay dividends to its holders.
FNGD trades at a premium (0.13%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FNGD shares are issued by Bank of Montreal
FNGD follows the NYSE FANG+ Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 22, 2018.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.