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

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 12,171 shares. Based on an average daily volume of 5,314 shares, the short-interest ratio is currently 2.3 days. Approximately 0.2% of the shares of the stock are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Down 6.3%

NYSEARCA:FNGO traded down $9.99 during trading hours on Friday, hitting $148.58. 4,163 shares of the stock were exchanged, compared to its average volume of 8,222. MicroSectors FANG+ Index 2X Leveraged ETN has a twelve month low of $79.06 and a twelve month high of $166.64. The company has a market capitalization of $742.90 million, a P/E ratio of 38.58 and a beta of 2.68. The company’s 50 day moving average is $154.26 and its two-hundred day moving average is $136.15.

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.