Short Interest in MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Declines By 33.6%

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 7,959,503 shares, a decline of 33.6% from the February 26th total of 11,982,222 shares. Approximately 199.0% of the company’s shares are sold short. Based on an average daily volume of 7,388,661 shares, the short-interest ratio is currently 1.1 days.

MicroSectors FANG+ 3X Leveraged ETN Stock Performance

NYSEARCA FNGU traded down $1.04 during trading hours on Friday, hitting $14.39. 7,184,474 shares of the company’s stock were exchanged, compared to its average volume of 6,287,200. The business’s 50 day moving average is $19.58 and its 200-day moving average is $25.33. MicroSectors FANG+ 3X Leveraged ETN has a 12-month low of $7.95 and a 12-month high of $34.14. The firm has a market capitalization of $57.56 million, a P/E ratio of 37.17 and a beta of 4.68.

MicroSectors FANG+ 3X Leveraged ETN Company Profile

The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.