MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 346,937 shares, a growth of 182.8% from the October 15th total of 122,686 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 669,809 shares, the days-to-cover ratio is presently 0.5 days.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Price Performance
Shares of NYSEARCA:FNGD opened at $30.26 on Friday. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a 1 year low of $22.52 and a 1 year high of $87.38. The firm has a market capitalization of $453.90 million, a price-to-earnings ratio of 22.09 and a beta of -3.77. The business’s 50 day moving average price is $26.74 and its 200-day moving average price is $41.23.
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.
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