MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Up 6.6% – Should You Buy?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) was up 6.6% on Friday . The stock traded as high as $128.36 and last traded at $126.8930. Approximately 845 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 9,344 shares. The stock had previously closed at $119.03.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Performance

The business has a 50 day simple moving average of $132.77 and a 200-day simple moving average of $115.91. The firm has a market cap of $642.14 million, a price-to-earnings ratio of 38.58 and a beta of 2.65.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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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.

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