MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Down 98.9% in May

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 7 shares, a decrease of 98.9% from the April 30th total of 612 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 9,566 shares, the days-to-cover ratio is currently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Up 2.8%

MicroSectors FANG+ Index 2X Leveraged ETN stock traded up $4.05 during mid-day trading on Friday, reaching $149.83. 4,189 shares of the company’s stock traded hands, compared to its average volume of 11,134. The company has a market cap of $749.13 million, a price-to-earnings ratio of 38.58 and a beta of 2.60. The stock has a 50 day moving average of $113.91 and a two-hundred day moving average of $112.99. MicroSectors FANG+ Index 2X Leveraged ETN has a 12-month low of $79.06 and a 12-month high of $152.23.

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.