MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Sees Large Decline in Short Interest

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 612 shares, a drop of 93.7% from the April 15th total of 9,680 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 12,710 shares, the short-interest ratio is presently 0.0 days.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Performance

Shares of FNGO traded up $0.46 on Monday, hitting $134.95. 11,442 shares of the stock traded hands, compared to its average volume of 11,933. The company has a market capitalization of $674.75 million, a PE ratio of 38.58 and a beta of 2.60. The business has a 50 day simple moving average of $104.71 and a 200 day simple moving average of $112.67. MicroSectors FANG+ Index 2X Leveraged ETN has a one year low of $79.06 and a one year high of $140.87.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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.