MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Shares Down 0.5% – Time to Sell?

Shares of MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGUGet Free Report) dropped 0.5% on Tuesday . The stock traded as low as $25.83 and last traded at $25.89. Approximately 1,497,508 shares were traded during trading, a decline of 69% from the average daily volume of 4,866,567 shares. The stock had previously closed at $26.01.

MicroSectors FANG+ 3X Leveraged ETN Trading Down 0.5%

The company has a fifty day moving average price of $28.86 and a two-hundred day moving average price of $44.55. The firm has a market capitalization of $103.56 million, a PE ratio of 37.17 and a beta of 4.68.

About MicroSectors FANG+ 3X Leveraged ETN

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The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies. FNGU was launched on Jan 22, 2018 and is issued by REX Microsectors.

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