MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) Short Interest Down 81.4% in February

MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 265,241 shares, a drop of 81.4% from the January 29th total of 1,423,606 shares. Approximately 663.1% of the shares of the company are sold short. Based on an average daily volume of 2,385,641 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 2,385,641 shares, the short-interest ratio is presently 0.1 days. Approximately 663.1% of the shares of the company are sold short.

MicroSectors FANG+ Index -3X Inverse Leveraged ETN Trading Down 7.4%

FNGD stock traded down $5.31 during trading on Wednesday, hitting $66.23. The company had a trading volume of 243,832 shares, compared to its average volume of 3,183,670. The business has a 50 day moving average of $58.58 and a 200 day moving average of $53.76. The firm has a market capitalization of $2.65 million, a price-to-earnings ratio of 20.31 and a beta of -3.38. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a fifty-two week low of $41.40 and a fifty-two week high of $276.69.

Institutional Investors Weigh In On MicroSectors FANG+ Index -3X Inverse Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. Flow Traders U.S. LLC purchased a new stake in shares of MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 57,984 shares of the company’s stock, valued at approximately $297,000. Flow Traders U.S. LLC owned 16.57% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN as of its most recent filing with the Securities and Exchange Commission.

MicroSectors FANG+ Index -3X Inverse Leveraged ETN Company Profile

The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.