MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) Short Interest Down 62.5% in July

MicroSectors FANG+ Index 2X Leveraged ETN (NYSEARCA:FNGO) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 663 shares, a drop of 62.5% from the June 30th total of 1,767 shares. Based on an average daily volume of 4,094 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

MicroSectors FANG+ Index 2X Leveraged ETN Price Performance

Shares of NYSEARCA FNGO opened at $124.30 on Monday. The business’s 50 day moving average price is $133.44 and its 200 day moving average price is $115.71. The firm has a market cap of $621.50 million, a P/E ratio of 38.58 and a beta of 2.65. MicroSectors FANG+ Index 2X Leveraged ETN has a 52 week low of $79.06 and a 52 week high of $157.50.

MicroSectors FANG+ Index 2X Leveraged ETN Company Profile

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.