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

MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD) was the target of a large drop in short interest in February. As of February 27th, there was short interest totaling 213,712 shares, a drop of 19.4% from the February 12th total of 265,241 shares. Based on an average daily volume of 344,959 shares, the days-to-cover ratio is currently 0.6 days. Approximately 534.3% of the company’s stock are sold short. Approximately 534.3% of the company’s stock are sold short. Based on an average daily volume of 344,959 shares, the days-to-cover ratio is currently 0.6 days.

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

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

FNGD traded down $0.42 on Tuesday, hitting $62.96. 239,107 shares of the company traded hands, compared to its average volume of 2,462,182. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a 12-month low of $41.40 and a 12-month high of $276.69. The company has a 50 day moving average of $61.44 and a 200-day moving average of $53.96. The stock has a market capitalization of $2.52 million, a PE ratio of 20.31 and a beta of -3.38.

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.