MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sees Large Decline in Short Interest

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 5 shares, a decrease of 99.0% from the February 26th total of 499 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 9,011 shares, the short-interest ratio is presently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Down 6.4%

NYSEARCA FNGO traded down $5.91 during mid-day trading on Thursday, hitting $86.05. The stock had a trading volume of 5,097 shares, compared to its average volume of 11,502. The company has a 50 day simple moving average of $100.27 and a 200 day simple moving average of $116.23. The company has a market cap of $430.25 million, a price-to-earnings 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.