MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Shares Shorted: Short Interest Up 177.9% in October

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO – Get Free Report) saw a significant increase in short interest in October. As of October 30th, there was short interest totaling 2,059 shares, an increase of 177.9% from the October 15th total of 741 shares. Based on an average daily volume of 3,140 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

Shares of NYSEARCA:FNGO opened at $130.92 on Friday. The company’s fifty day moving average price is $149.56 and its 200 day moving average price is $128.42. MicroSectors FANG+ Index 2X Leveraged ETN has a 12 month low of $79.06 and a 12 month high of $166.64. The firm has a market capitalization of $654.60 million, a P/E ratio of 22.09 and a beta of 2.70.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

(Get Free Report)

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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