MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) Short Interest Update

MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 1,659,256 shares, a decrease of 20.3% from the December 15th total of 2,082,677 shares. Approximately 474.1% of the company’s stock are short sold. Based on an average daily trading volume, of 21,076,415 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 21,076,415 shares, the days-to-cover ratio is presently 0.1 days. Approximately 474.1% of the company’s stock are short sold.

MicroSectors FANG+ Index -3X Inverse Leveraged ETN Stock Up 0.7%

Shares of NYSEARCA:FNGD traded up $0.04 during midday trading on Monday, reaching $5.56. 44,879,762 shares of the company were exchanged, compared to its average volume of 44,782,238. The firm has a market cap of $1.95 million, a PE ratio of 20.31 and a beta of -3.38. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a fifty-two week low of $4.14 and a fifty-two week high of $27.67. The stock has a fifty day simple moving average of $5.00 and a two-hundred day simple moving average of $5.38.

Institutional Trading of MicroSectors FANG+ Index -3X Inverse Leveraged ETN

A hedge fund recently bought a new stake in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. JPMorgan Chase & Co. acquired a new position in shares of MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,531 shares of the company’s stock, valued at approximately $54,000. JPMorgan Chase & Co. owned 3.01% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN at the end of the most recent reporting period.

About MicroSectors FANG+ Index -3X Inverse Leveraged ETN

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.