MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 1,659,256 shares, a decline of 20.3% from the December 15th total of 2,082,677 shares. Based on an average trading volume of 21,076,415 shares, the days-to-cover ratio is presently 0.1 days. Currently, 474.1% of the shares of the stock are short sold. Currently, 474.1% of the shares of the stock are short sold. Based on an average trading volume of 21,076,415 shares, the days-to-cover ratio is presently 0.1 days.
MicroSectors FANG+ Index -3X Inverse Leveraged ETN Stock Performance
NYSEARCA FNGD opened at $5.56 on Friday. The company has a market capitalization of $1.95 million, a P/E ratio of 20.31 and a beta of -3.38. MicroSectors FANG+ Index -3X Inverse Leveraged ETN has a one year low of $4.14 and a one year high of $27.67. The stock has a 50 day moving average price of $5.00 and a 200-day moving average price of $5.39.
Hedge Funds Weigh In On MicroSectors FANG+ Index -3X Inverse Leveraged ETN
A hedge fund recently bought a new stake in MicroSectors FANG+ Index -3X Inverse Leveraged ETN stock. JPMorgan Chase & Co. bought a new position in MicroSectors FANG+ Index -3X Inverse Leveraged ETN (NYSEARCA:FNGD – Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 10,531 shares of the company’s stock, valued at approximately $54,000. JPMorgan Chase & Co. owned about 3.01% of MicroSectors FANG+ Index -3X Inverse Leveraged ETN as of its most recent SEC filing.
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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