MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Down 97.0% in January

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 125 shares, a decrease of 97.0% from the January 15th total of 4,222 shares. Based on an average daily volume of 16,339 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 16,339 shares, the short-interest ratio is currently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

NYSEARCA FNGO traded down $1.39 during trading on Tuesday, hitting $100.64. 2,753 shares of the company’s stock traded hands, compared to its average volume of 13,606. MicroSectors FANG+ Index 2X Leveraged ETN has a 12-month low of $48.67 and a 12-month high of $140.87. The stock has a fifty day moving average of $115.03 and a two-hundred day moving average of $119.95. The firm has a market cap of $503.20 million, a P/E ratio of 38.58 and a beta of 2.36.

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.