MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Hits New 1-Year High – Should You Buy?

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGOGet Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $141.00 and last traded at $141.00, with a volume of 3772 shares traded. The stock had previously closed at $133.36.

MicroSectors FANG+ Index 2X Leveraged ETN Stock Up 5.4%

The company’s fifty day moving average price is $111.26 and its 200 day moving average price is $112.70. The company has a market capitalization of $702.50 million, a P/E ratio of 38.58 and a beta of 2.60.

About MicroSectors FANG+ Index 2X Leveraged ETN

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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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