MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 122,686 shares, a decrease of 42.2% from the September 30th total of 212,353 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 327,054 shares, the days-to-cover ratio is currently 0.4 days.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Price Performance
Shares of FNGD stock traded up $2.48 on Friday, hitting $30.99. 1,009,539 shares of the stock traded hands, compared to its average volume of 951,681. The firm has a market cap of $464.85 million, a price-to-earnings ratio of 20.31 and a beta of -3.73. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a 52 week low of $22.52 and a 52 week high of $87.38. The firm has a 50 day simple moving average of $25.90 and a two-hundred day simple moving average of $42.34.
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.
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