MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Update

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 4,222 shares, a decline of 52.1% from the December 31st total of 8,809 shares. Based on an average daily trading volume, of 8,848 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,848 shares, the days-to-cover ratio is currently 0.5 days.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

Shares of FNGO traded down $2.09 during mid-day trading on Friday, reaching $108.78. 11,400 shares of the company’s stock were exchanged, compared to its average volume of 12,545. The business’s fifty day simple moving average is $118.82 and its 200-day simple moving average is $120.28. The stock has a market capitalization of $543.90 million, a PE ratio of 38.58 and a beta of 2.36. MicroSectors FANG+ Index 2X Leveraged ETN has a 52-week low of $48.67 and a 52-week high of $140.87.

About MicroSectors FANG+ Index 2X Leveraged ETN

The MicroSectors FANG+ Index 2X Leveraged ETNs (FNGO) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund provides 2x the daily price movements of an index of US-listed technology and consumer discretionary companies. The index is highly concentrated and equally weighted. FNGO was launched on Aug 6, 2018 and is issued by REX Microsectors.