Short Interest in MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Drops By 64.7%

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 8,809 shares, a decline of 64.7% from the December 15th total of 24,977 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 9,284 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 9,284 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Up 0.2%

Shares of NYSEARCA FNGO traded up $0.19 on Thursday, hitting $112.67. The company had a trading volume of 6,734 shares, compared to its average volume of 8,803. MicroSectors FANG+ Index 2X Leveraged ETN has a 12-month low of $48.67 and a 12-month high of $140.87. The firm has a market capitalization of $563.35 million, a P/E ratio of 38.58 and a beta of 2.36. The business has a 50 day moving average of $122.25 and a two-hundred day moving average of $120.13.

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.