MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 741 shares, a drop of 93.9% from the September 30th total of 12,171 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,965 shares, the days-to-cover ratio is presently 0.2 days.
MicroSectors FANG+ Index 2X Leveraged ETN Price Performance
NYSEARCA:FNGO traded up $2.50 during mid-day trading on Tuesday, hitting $146.21. 1,391 shares of the company’s stock were exchanged, compared to its average volume of 8,038. The business has a fifty day moving average price of $153.70 and a 200 day moving average price of $127.12. MicroSectors FANG+ Index 2X Leveraged ETN has a one year low of $79.06 and a one year high of $166.64. The company has a market cap of $731.03 million, a PE ratio of 38.58 and a beta of 2.68.
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.
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