MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) Short Interest Down 19.0% in February

MicroSectors FANG+ 3X Leveraged ETN (NYSEARCA:FNGU) was the recipient of a large decrease in short interest in February. As of February 13th, there was short interest totaling 12,251,842 shares, a decrease of 19.0% from the January 29th total of 15,127,203 shares. Based on an average daily trading volume, of 7,320,224 shares, the days-to-cover ratio is currently 1.7 days. Currently, 306.3% of the shares of the stock are short sold. Currently, 306.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,320,224 shares, the days-to-cover ratio is currently 1.7 days.

MicroSectors FANG+ 3X Leveraged ETN Price Performance

MicroSectors FANG+ 3X Leveraged ETN stock traded up $0.54 during mid-day trading on Thursday, hitting $20.43. 1,619,105 shares of the company were exchanged, compared to its average volume of 6,474,473. The business’s 50 day simple moving average is $21.80 and its two-hundred day simple moving average is $26.18. The company has a market capitalization of $81.72 million, a P/E ratio of 37.17 and a beta of 4.68. MicroSectors FANG+ 3X Leveraged ETN has a 12-month low of $7.95 and a 12-month high of $34.14.

MicroSectors FANG+ 3X Leveraged ETN Company Profile

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.