Short Interest in MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Declines By 93.7%

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 612 shares, a drop of 93.7% from the April 15th total of 9,680 shares. Based on an average trading volume of 12,710 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Down 3.9%

NYSEARCA FNGO traded down $5.24 during trading hours on Tuesday, hitting $129.71. 8,661 shares of the company were exchanged, compared to its average volume of 11,896. MicroSectors FANG+ Index 2X Leveraged ETN has a 52 week low of $79.06 and a 52 week high of $140.87. The stock has a 50-day moving average price of $104.71 and a 200 day moving average price of $112.67. The stock has a market cap of $648.53 million, a PE ratio of 38.58 and a beta of 2.60.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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.