MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO – Get Free Report) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 741 shares, a drop of 93.9% from the September 30th total of 12,171 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 3,965 shares, the short-interest ratio is presently 0.2 days.
MicroSectors FANG+ Index 2X Leveraged ETN Price Performance
Shares of FNGO stock traded up $0.98 during trading hours on Monday, hitting $143.71. The stock had a trading volume of 3,754 shares, compared to its average volume of 8,071. MicroSectors FANG+ Index 2X Leveraged ETN has a one year low of $79.06 and a one year high of $166.64. The stock’s 50-day moving average price is $153.70 and its two-hundred day moving average price is $127.12. The stock has a market capitalization of $718.55 million, a price-to-earnings ratio of 38.58 and a beta of 2.68.
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.
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